Hard Money Construction Loan for Cannabis Dispensary in Adelanto, San Bernardino County, California

Deal Details

Private Loan Type

Commercial Ground-Up Construction

Approx. Funding Date

11/19/2018

Property Type

Cannabis Dispensary

Commercial Land

Property City

Adelanto

Property State

Lien Type

1st Mortgage

Payment Type

Interest Only

Deal Highlights

The appraisal was conducted within a one-week timeframe.

We were open to restructuring our debt as the deal progressed.

Deal Summary

ARCH Loans, a private lender, funded a $4,000,000 1st lien position hard money ground-up construction loan for a cannabis dispensary in Adelanto, San Bernardino County, California. This was a broker-involved Improvement loan for a new Client. The appraisal was conducted within a one-week timeframe. As work is completed we will inspect the property and distribute funds. Our Borrower’s budget increased during the duration of the loan. We were open to restructuring our debt as the deal progressed. This CRE hard money ground-up construction loan was funded in November 2018.