Very successful real estate investor and business owner of 45 years sougth a 1st Trust Deed to purchase this owner-occupied, industrial building in Fullerton, Orange County, CA. In addition to our loan, borrower is bringing in $1,290,000 “skin in the game” cash to close towards purchase. Investor Equity Protection on this new loan is $1,051,250.
The borrower intends to use the subject property to operate one of his business divisions’ and as an investment property. Borrower is an Ex-Marine then returned to begin his professional life in the Fire Protection Industry. Borrower has remained in the fire protection business for 45 years, providing fire sprinkler systems and fire extinguisher maintenance, repair, and installation services. Borrower is President and owner of Tri C Fire, and licensed C-10 and C-16 CSLB contractor with over 20K customer accounts including a very large, nationally recognized grocery conglomerate.
Borrower owns several other investment properties and has substantial liquid assets to service this loan debt. (Schedule of RE and Bank Statements provided in Investor Dropbox). Exit strategy: commercial loan. Borrower is using private money lending for speed of this transaction.
The subject property is located at 1001 East Elm Avenue within the City of Fullerton, CA, very well and centrally located just east of the 5 freeway, just north of the 91 and near Disneyland. The subject property consists of 9,558 SF sitting on a large 20,805 SF lot and is located on a commercial/industrial street that offers 2 asphalt-paved lanes. The site is basically rectangular in shape and fully level at street grade. In addition to the warehouse, the subject property features 1,200 SF of interior office area that consists of a lobby/reception area, 5 offices, 2 restrooms and a storage room. The warehouse portion of the subject offers 3 12 x 12 metal roll up doors, and a 15’ warehouse clear height. The building is equipped with a security/fire alarm system and offers 30 asphalt paved parking spaces onsite.
The subject property is located within mixed commercial, and retail uses along the borders of the primary traffic artery with residential along the interior streets.
What we like about this Trust Deed opportunity:
- 45 years’ experience, very successful business owner
- $1,290,000 “Skin in the Game” towards purchase of subject property
- $1,051,250 in Gross Investor Equity Protection
- Borrower Cash Solvent as well as Schedule of RE
- 10.50% Annualized Return
- 64.93% LTV on Purchase Price
- 64.89% LTV on Newly Appraised Value
- 6 months Guaranteed Interest
- Phase 2 Environmental Completed with No Further Action Required
$1,946,750 1st TD @ 8.75%, Commercial, 36 Mos., 64.93% LTV, $77,870k Min, 6 mos Guar. Int., Fullerton, CA