A large commercial real estate property

1 Doppler, Irvine, CA

Purpose: To have access to working capital to continue business operations and consolidate short term debt
Property Value: 3rd Party Appraisal at $12 Million
Size: 40,000 Square Feet R&D / Flex space
• Built in 2008
• 100% occupied by Mission Motorsports, Inc.
(owner-occupied building)
Loan Amount: $1,075,000
CLTV: 62%
Term: 12 months with 12-month extension option
Interest Rate: 10.9%
Source of Loan: Bank Referral