Thousand Palms, CA

This loan is a first deed of trust on a commercial industrial property in Thousand Palms, CA. Located in Riverside County’s Coachella Valley, Thousand Palms is an established commercial and industrial community with convenient access to Interstate 10 and nearby cities, including Palm Desert, Rancho Mirage, and Palm Springs. The area supports a mix of warehouse, manufacturing, automotive, and distribution businesses, benefiting from regional transportation access and a growing commercial market. Constructed in 2001–2002, the property contains approximately 28,775 square feet of building area, including 21,900 square feet of industrial space and 6,875 square feet of two-story office space. Additional features include 28-foot clear heights, three grade-level drive-in doors, two exterior loading docks, approximately 50 parking spaces, a secured service yard, and three-phase electrical power. The property is currently utilized as an automotive collision repair facility and is reported to be in good overall condition. The property was appraised at an “as-is” market value of $5,300,000 as of August 21, 2026. The Borrowers acquired the property in 2016 and operate a collision repair business with multiple locations throughout Southern California. The purpose of the loan is to refinance the existing mortgage and provide additional cash-out proceeds for the purchase of business equipment. The new loan amount is $2,860,000, representing an approximately 55% loan-to-value ratio. Upon maturity, the Borrowers intend to refinance the property into conventional bank financing. The loan will have a maturity of 24 months.