Very successful business owner/operator of “Trinity Iron Works” and real estate investor sought a 1st TD to purchase this commercial investment property in Douglas City, Trinity County, CA. Borrower is acquiring this currently vacant commercial property to expand operations for his rapidly growing metal roofing manufacturing and installation business. Borrower is sitting on a large pipeline of signed contracts valued at over $1M; borrower estimates $200K in gross profit per month out of this new commercial facility. The borrower is also well diversified in other income generating businesses he owns on top of the metal roofing company: greenhouse manufacturing and an auto-body shop.
In addition to the large down payment on this purchase, borrower has personally invested over $500k on machinery and materials that’s free and clear in storage ready for new facility. Borrower is “move in ready”.
The subject property consists of one single-story, 7,200 SF metal industrial building on concrete foundation with (2) barn-style push back truck doors, a 12’x15’ detached interior office module, a restroom module, and open parking area. The subject property also consists of a 1,300 SF, 2 bed/2 bath mfg. home on permanent foundation that will be converted into an office for borrower’s business as well as an additional 1,392 SF of heavy industrial storage space. The subject property is centrally located off HWY 3 and near similar industrial-commercial buildings.
What we like about this Trust Deed opportunity:
- 1st TD with 10.50% Investor Yield
- 59.08% LTV on Appraised Value / 60.00% LTV Purchase Price
- High demand for borrower’s metal roofing business
- Purpose of loan expansion of growing business
- Good condition commercial building
- 6 months Guaranteed Interest
$576,000 1st TD @ 10.50%, 60.00% LTV, Const., 6 mo. Guar Int., 24 mos. term, Douglas City, CA
