Dear Trust Deed Investors
Premier Money Source, Inc. is pleased to present the following Trust Deed Opportunity for your consideration. This is a purchase first trust deed against a Commercial Property. The borrower has been leasing the property and now has chosen his option to purchase the property. The value of the property is $1,875,000. It is a Cannabis Business Purpose loan. We are crossing a 2nd property the the borrower owns 1731 E Artesia Blvd, Long Beach, C 90805. This is a commercial cannabis property as well. This is a business purpose opportunity with a no owner-occupied component.
Overview
New 1st Loan Amount: $185,6250 Security: Long Beaach, CA Purchase for $2,000,000 AS-IS Value: $3,375,000
Term Requested: 12 month term
Purpose of Loan: Long Beach, CA property
Rehab Amount: $n/a
ARV: $3,375,000
Exit Plan: Borrower plans on refinancing and paying us off.
COE: To be approximately on 08/08/2025
Min Investment: Minimum investment of $250,000
Please contact Duane Wellhoefer at 949.246.1992 or Duane@premiermoneysource.com. If you wish to commit to this loan, please provide your exact vesting for loan documents, amount you would like to invest, and best phone.
Thank you in advance for your consideration.
| Lien Position | 1st Trust Deed |
| Loan Amount | $1,856,250 |
| Net Interest Rate | 9.29% |
| Term | I/O due in 1 year |
| Type of Transaction | Commercial |
| Type of Loan | Commercial / Multi Family |
| Transaction Type | Purchase |
| Occupancy | Investment Property |
| Purchase Price | $2,000,000 |
| As-is Value | $1,875,000 |
| ARV | $1,875,000 |
| Rehab Needed | $0 |
| LTV (PP) | 92.81% |
| LTV (As is) | 99.00% |
| LTV (ARV) | 99.00% |
| Junior/Senior Financing | Yes |
| Type of Junior/Senior Financing |
| Junior/Senior Lien Position | |
| Junior/Senior Loan Amount |
| Credit Score | |
| Foreclosure | No |
| Bankruptcy |
| Closed Flips YTD | |
| Closed Flips Lifetime | |
| Investment Properties Owned |
| Property Type | Commercial |
| Number of Units |
| Bedrooms / Bathrooms | |
| Building Sq. Ft. | 6,810 |
| Zillow | |
| Trulia |
| Redfin | |
| Bank of America |
| On a Busy Street |
Yes |
| Near Train Tracks |
No |
| Near Freeway |
No |
| Suburban or Rural |
Suburban |
| Interest Rate | 10.99% |
| Broker Service Fee | 1.7 % |
| Net Rate | 9.29% |
| Loan Amount | $1,856,250 |
| Net Interest Rate | 9.29% |
| Lien Position | 1st Trust Deed |
| Term | I/O due in 1 year |
| Purchase Price | $2,000,000 |
| As-is Value | $1,875,000 |
| LTV (As Is) | 99.00% |
| Type of Loan | Commercial / Multi Family |
| Transaction Type | Purchase |
| Occupancy | Investment Property |
| Appraisal | (Click to Download) |
| BPO | (Click to Download) |
| Appraisal Review |
| MLS Listing - Before | |
| MLS Listing - After | |
| Comps |
If you have a question about the transaction process general inquiry, Premier Money Source will be happy to help.