Recently Funded Hard Money Loan – Palm Springs: $2,788,300, 1st TD, 50.70% LTV, 10.00% Lender Rate

Real estate investor and long-time auto manufacturer was the majority Tenant at this commercial property.  Borrower joined forces with 2 partners for this purchase opportunity and once the purchase of the subject property was complete, the plans were to supplement the existing auto storage and auto assembly with auto manufacturing at the subject property.   Borrower…