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(702) 745-6787

Serving Nevada

8880 W. Sunset Rd. #190
Las Vegas, NV 89148

(702) 745-6787
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Hemp Farm In Pahrump

First Trust Deed on 30 acre Hemp Farm in Pahrump.

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Pahrump Farm & Commercial Building Refinanced

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Property Value
$25M
Loan Value
$1,500,000
Interest Rate
14%
Term
12 Months
Purpose
To refinance existing first trust deed that was a seller carry back and give cash out to help the borrower's additional equipment needs. Borrower has put over $1M in cash into the project including re-zoning approvals, plants, and building an additional 1,600 sq. ft. commercial building on the property.
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  • Collateral: First Trust Deed on 30 acre Hemp Farm with 30-acre feet water rights with two operating wells in Pahrump, Nevada
  • Property Description: 30 acre Hemp Farm with 30-acre feet water rights with two operating wells. 5/8-mile horse racetrack, 3500 seat stadium arena. Church & block gazebo. 19 horse stable barn with 1,392 sq. ft. living quarters above. Meeting hall with public bathrooms.
  • Loan-To-Value: 46% (value of $3,260,000) based on an “as-is” appraised value of the property provided by Valuation Consultants in October 2019.
  • Minimum Interest: 6 months minimum interest guaranty. No prepayment penalty after 6 months.
  • Borrower/Guarantor Profile: Returning borrower. He is an experienced real estate investor and developer based in Las Vegas with a $25M Net Worth.
  • Loan Servicing: FCI Loan Servicing will provide loan servicing at Borrower’s expense.

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