Real Estate Investor and business owner-user sought a business purpose loan to purchase this commercial industrial building. Property will be owner-occupied by the borrower’s company which will operate a fully licensed cannabis cultivation and distribution business.
This Santa Ana Green Zone Subject Property is a multi-tenant industrial building located in the Dyer Business Park within the City of Sana Ana just off the 55 fwy, north of the 405 fwy, and just minutes from the John Wayne Airport. The subject property offers 55 Freeway Frontage signage and is a two-story 8,425 s.f. industrial building on a 12,201 s.f. lot. The property has been recently renovated in 2022 with ground floor office and storage areas and a small warehouse area with 9′ – 10′ clear heights and one loading door. The second floor features office areas, storage rooms, and four cannabis grow rooms that feature updated HVAC, lighting and floor drains.
Borrower operates multiple Santa Ana based successful Cannabis operations including weeday.com and mjbuilders.com which provides a modular racking system for cannabis growers. After minor alterations to the interior, the borrower plans to have delivery and grow operations out of this new Santa Ana location.
What we like about this Trust Deed opportunity:
- Santa Ana, Orange County location
- Experienced Real Estate Investors and Business Owners
- 6 months Guaranteed Interest
- $1.65 Mil. Down Payment
- 10.50% Yield
$1,750,000 1st TD @ 10.00%, 51.47% LTV, Commcl, Purchase, $70,000 Min Inv., Santa Ana, CA
