FEATURED INVESTMENTS - Property ID #1010

Birds Eye View property picture

Property ID #1010

Available

Why we like this deal?

Located in the heart of Buena Park's “Entertainment Zone" The subject property is located on an 8.46 acre parcel and will be approximately 59,000 square feet, and will include a rainforest atrium of approximately 17,000 square feet, an exhibit area, and a theater/education room. In addition, a restaurant and a gift shop will be built and leased to a third party operator.

The principles have extensive prior experience with for-profit entertainment concepts featuring live exhibits.

They have successfully created exhibitions that are both entertaining and educational with mass-market appeal and are experience in developing mixed-use ‘must see’ concepts in resort environments.

This opportunity presents an investor with a commercial note at 12% for 1 year, secured by a recorded mortgage lien or deed of trust on this property.

Additional Information

The borrower is seeking $12,500,000 in Bridge financing.

Executive Summary

Opportunity Type: Retail
Property Value: $23,000,000
Requested Amount: $12,500,000
LTV: 54%
NOI: TBD
DSCR: TBD
Loan Term: 1 year
Amortization: interest only
Recourse: no
Cross Collateral: no
Max Rate: 12%

Additional Information

Source of Income: sales
Documentation: Available
Guarantees: no
Payment History: N/A

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