Deal Status

Active

Property Address

81 Bass Lane

Post Mountain, California

96041

Requested Loan Amount

500000

Loan to Value

45

Loan Term

24

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Other

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

Array

Entitlement Status

Not Entitled

Development Status

Not Planning to Develop

Existing Improvements

Array

Generate Income

No

Multiple Parcels

No

Current Market Value

1100000

Existing Mortgages

  • 1st

Mortgage 1 Balance

125000

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

Appraisal

Yes

Appraisal Date

09/03/2019

APN Parcel ID

019-290-06-00

Lot Size

5

Property Photos

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

Additional Attachments

h

Comments

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First Name

Pamela

Last Name

Martinez

Company

Many Ways Lending Group

Role

Consultant

Location

Tacoma
Washington
USA