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Crescent Lenders Funds

$1.2M 1st Trust Deed Loan On Marijuana Dispensary

Del Rey Oaks, Monterey

About The Deal

The collateral for this loan is a two-story commercial office building measuring 5,870 sq. ft., situated on a spacious 10,500 sq. ft. lot with ample parking. The property is conveniently located in Del Rey Oaks, adjacent to Monterey, and just a 10 to 15 minute drive from Carmel, California.

An appraisal was completed and valued the property at $1.75 million dollars.

With a loan-to-value of 65%, this 1st Trust Deed loan is a favorable option for Crescent Lenders, especially considering the borrower's 30 years of experience in the cannabis business and possession of all state and city licensing permits for cannabis retail sales.

Furthermore, there is a 2nd Trust Deed for $335,000 from a different lender behind our new 1st Trust Deed, adding to the strong equity position of this private money loan.

Medical Marijuana Office Building in Central California
Amount
$1,150,000
Location
Del Rey Oaks, Monterey
Rate
9.7%
LTV
65.0%
Term
24 months
Type
Refinance
Commercial
Medical Marijuana Office Building
Exit Strategy
Refinance or sell the property

Looking for a Refinance Loan Near Del Rey Oaks?

Crescent Lenders is a top rated private money lending company providing loans around The Monterey area.

We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.

Maybe you need a bridge loan for an investment property in Carmel-by-the-Sea or would like to refinance a private money loan for a motel you own in the Big Sur area, whatever your circumstance, we’re ready to show why we are your premier California hard money lender.

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Email
info@crescentlenders.com
Phone
213-474-3131
Send Us A Message
We Can Deliver Rapid Financing
Between $200k and $5 million dollars
Nationwide private lender (not a broker, avoid the extra fees)
Funding loans such as purchase, refinance, rehab, probate, 1031 exchanges, cash-out
All types of investment properties considered, residential, commercial and industrial
Crescent Lenders

Suite #116, 999 Overland Ave

Los Angeles, California

90064

Disclaimer: Crescent Lenders, DBA CrescentLenders.com ("CL") is a California licensed broker under California Bureau of Real Estate License No. #01792267. Regardless of this license, CL considers itself a “finder” for purposes of applicable laws and regulations (California Business & Professions Code § 10130, et. seq.).