Deal Status

Active

Property Address

Desert Hot Springs, California

Requested Loan Amount

4000000.00

Loan to Value

33

Loan Term

18

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Commercial Property Type

Land

Cannabis Business

Yes

Cannabis Use

Cultivation

Current Occupancy

Vacant

Current Occupancy Percentage

100

Loan Type

Ground-Up Construction

Current Zoning

Array

Entitlement Status

Entitled

Development Status

Building Plans Approved by Local Government

Existing Improvements

Array

Generate Income

No

Multiple Parcels

No

Property Type

Commercial

Residential Property Type

Mixed-Use

Commercial Property Type

Industrial

Number of Units

3

Project Phase

Shovel-Ready

Land Value

12000000

Estimated Costs

4000000.00

Description

3 buildings

Budget

Yes

Completed

8

Licensed

Yes

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Comments

The borrower has 4000000.00 in the bank for working capital

First Name

Alfred

Last Name

Palafox

Company

Alliance Investment Group

Role

Mortgage Broker

Location

West Covina
California
USA