- Collateral: First Trust Deed on 1.47-acre site in Mesa, Arizona. The site has a 60% completed 10,000-square foot daycare center with a 16-year lease tenant in place.
- Loan-To-Value: Estimated at 68% (value of $3,700,000) based on an “as-completed” value of the property in February 2018. With that said, due to the updated lease signed by the tenant the property has as a $4,142,857 value.
- Minimum Interest: Six months minimum interest guaranty. No prepayment penalty after six months.
- Borrower/Guarantor Profile: Very Well Known Returning Borrower. Call or email for details.
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