An industrial real estate property

Vernon Studios – 2761, 2707, 2711 Fruitland Ave., 5125 Seto Street

Purpose: To have access to working capital.
Property Value: $39.1 million, 3rd Party Appraisal in 2020
Notes: 2020 Personal Financial Statement > $200 million
Terms:
Loan Amount: $3,000,000
CLTV: 39% of Appraised Value
Term: 12 months
Interest Rate: 10.9%
Source of Loan: Bank Referral