Deal Status

Active

Property Address

81 Bass Lane, Post Mountain California 96041

Requested Loan Amount

$500,000

Loan to Value

45%

Loan Term

24 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Other

Collateral and Loan Details

Commercial Property Type

Land

Cannabis Business

Yes

Cannabis Use

Cultivation

Number of Units

4

Current Occupancy

Owner Occupied

Current Occupancy Percentage

100

Loan Type

Refinance

Current Zoning

Agricultural Land, Special Purpose Land

Entitlement Status

Not Entitled

Development Status

Not Planning to Develop

Existing Improvements

Street Access, Electricity, Gas, Water

Generate Income

No

Multiple Parcels

No

Current Market Value

$1,100,000

Existing Mortgages

1st

Mortgage 1 Balance

$125,000

Equity Cash Out

Yes

Equity Cash Out Purpose

Business Working Capital

Equity Cash Out Details

Borrower Has 4 Green houses and need the cash out to plant additional corps

Have Appraisal

Yes

Appraisal Date

09/03/2019

APN Parcel ID

019-290-06-00

Lot Size

5 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Excellent

Exit Strategy Details

First Harvest will pay in full. Worse case refinance

Property Photos

Attachments

Comments

I'm not sure how to add the attachments. if interested, Please contact me to send a Dropbox link


First Name

Pamela

Last Name

Martinez

Phone Number

(253) 330-7838

Company

Many Ways Lending Group

Role

Consultant

Location

Tacoma, Washington

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