I have a client that has a note coming due in December 2018. My client is applying for a type 6 classification license for cannabis and remodeling of his existing building. The permits are 30 days away from approval. Both permits get approved together. The zoning is approved for this classification. He owns the property in his LLC. He owes about $510,000 on his property which is 1.6 acres and the building is 2500 square feet.
I am a seasoned broker and have placed millions of dollars in private money. He is looking for $1 million which will be enough to pay off the mortgages, improve the building and give him some working capital. 18 month to 5 year loan is requested. He will give the investor a First Deed of Trust on the property. The property is worth $3 million with both permits in hand. Investors can choose to become a partner with an equity investment.
Escrow is opened and title insurance will be provided. Please only respond to this request if you are a direct lender or an investor interested in this type of investment. We will not pay any fees up front, only in escrow at funding. I only want to deal with experienced operators in the US. I will forward information upon request.
Steve Vail
Vail and Associates
707-225-6211 B
707-328-2780 Cell
Tags:
A. Worldwide Alternative Business Funding & Trade Finance & Loan Resource
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