Thousand Palms, CA

This loan is a first deed of trust on two commercial parcels consisting of a retail building and storage yard in Thousand Palms, CA. Located in Riverside County's Coachella Valley, Thousand Palms is an established desert community situated between Palm Springs and Palm Desert. The area offers a mix of residential neighborhoods, commercial properties, and light industrial development, with convenient access to Interstate 10 and surrounding employment and business centers. Its central location within the Coachella Valley provides connectivity to nearby communities, including Rancho Mirage, Cathedral City, and Indio. The subject property, located at 72226 Varner Road, consists of two legal parcels totaling approximately 27,600 square feet, or 0.63 acres. The site is improved with a single-story commercial building originally constructed in 1945, containing approximately 2,000 square feet of gross building area. The building is considered to be in fair condition, while the surrounding yard features gravel surfaces, concrete parking areas, chain-link fencing, and a gated entrance. The property is zoned Manufacturing-Service Commercial (M-SC), allowing for a variety of commercial and industrial uses, including equipment and vehicle storage, contractor yards, and related operations. The existing storage yard is considered a legal conforming use. The building is currently vacant, while the adjoining lot is utilized by the Borrower's transportation business for bus and vehicle parking. The loan will have a maturity of 24 months.