This loan is a first deed of trust on a Gas Station, Auto Repair shop, and Car wash located in Burbank, CA. The subject is a Valero branded gas station with eight fueling stations on a 9,199 square foot lot. There are two canopies for covering the fuel area that is approximately 875 square feet and 625 square feet for a total of 1,500 square feet. There are a total of three underground fuel storage tanks with capacities to hold 10,000-12,000 gallons. Furthermore, the property contains a 1,118 square foot building consisting of a convenience store and auto repair shop. The convenience store is approximately 375 square feet, and the auto repair area is about 743 square feet. The Borrowers purchased the property in 2010 at a foreclosure auction and has owner operated the station and store since. The property is currently free and clear of all liens! The Borrowers are utilizing their extensive equity in the property to provide cash out for the purchase of another investment property. Upon maturity, the Borrower intends to pay off the loan all cash or refinance.
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Important Investment Disclosures:
Important investment disclosure. Your investment will be either directly or indirectly secured by real estate. You may receive a direct interest in a promissory note and deed of trust as a fractionalized interest as a tenant in common, as a single beneficiary, or, your investment may be in the form of a membership interest in a limited liability company formed for the specific purpose of funding a loan. Nothing in this announcement constitutes an offer to sell or a solicitation of an offer for investment. An offer is made only by the offering circular and material disclosure package. Past performance is not an indication of future results. We strongly recommend before making an investment decision that you thoroughly read the contents of the entire loan material disclosure package. You are encouraged to consult with your own tax and financial advisers before investing. Investments are NOT insured by any government agency and are NOT guaranteed. Investments offered through So-Cal Capital, Inc. are not liquid, not transferable, and involve substantial risk, including the possible loss of all principal.