Done Deal! Cannabis Construction Loan in Adelanto: $1,375,000 @12.50%, Land, 1st TD, Cash-Out, 6.25% LTV
Experienced real estate investor and cannabis business owner sought a 1st TD cash-out loan on this “Free & Clear” fully-entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross-collateralizing “Free & Clear” land that is pending final fully-entitled, CUP permitted, city approved…