This loan is a first deed of trust on an Industrial property in El Segundo, CA. El Segundo, California, is a coastal city in Los Angeles County located south of LAX and north of Manhattan Beach. Today, El Segundo blends its industrial roots with a growing business and cultural scene. It’s home to major aerospace, oil, and media companies such as Chevron, Boeing, Northrop Grumman, and the Los Angeles Times, along with corporate offices like Mattel. The city has a small population of about 17,000 residents and features a mix of commercial areas, quiet neighborhoods, and beaches. The subject, located at 1410 E Grand Avenue in El Segundo, is a 3,630-square-foot owner-user industrial/flex building situated on a 5,285-square-foot lot within the Smoky Hollow East (SH-E) zoning district. Built in 1946 and renovated in 2010, it features approximately 53% office build-out, one grade-level loading door, 14.5-foot clear height, and four surface parking spaces. The property is owner- occupied by Bayside Electric Co., which has operated there since 2006. The Colliers appraisal dated October 16, 2025, concludes an as-is market value of $2,400,000 ($661 per SF) based entirely on the Sales Comparison Approach, with an Income Approach indication of $1.67 million ($460 per SF) based on a pro forma NOI of $91,909 and a 5.5% capitalization rate, though that method received no weight. The property is in average condition, with an estimated 30-year remaining economic life, and benefits from average access and exposure along East Grand Avenue. Surrounding developments—such as the Grand Kansas North and Catalyst mixed-use projects—are driving transformation of the Smoky Hollow corridor, positioning the property for potential long-term appreciation or adaptive reuse. The purpose of the loan is to provide cash out to be used towards property improvements and working capital for the Borrower's business. On or before maturity, the Borrower will sell the property and pay off the loan. The loan will have a maturity in 36 months.