Los Angeles, CA

This loan is a first deed of trust on a commercial mixed-use property in Los Angeles, CA. Los Angeles is a major Southern California market supported by a diverse economy, extensive employment base, established residential neighborhoods, and a broad mix of commercial and industrial uses. The subject property is located within an established area offering convenient access to major transportation corridors, employment centers, retail, schools, and public services. The subject, located at 9108 Avalon Blvd, is a mixed-use property situated on an approximately 4,801-square-foot lot within a predominantly residential neighborhood with surrounding commercial and light industrial uses. The property offers convenient access to major transportation routes, including the Harbor Freeway and Santa Monica Freeway. Originally constructed in 1914, the property contains approximately 1,684 square feet and consists of two commercial units, one residential unit, and two garage spaces. The improvements are reported to be in overall average to good condition. The residential portion has received partial updates, including remodeled bathrooms and a renovated kitchen. The property is zoned LAC2, consistent with its mixed-use configuration. The property was appraised at a market value of $595,000 as of April 16, 2026. The Borrower purchased the property in 2016 and has maintained it as a long-term rental investment. The property currently generates approximately $5,000 in monthly rental income from two tenants. The purpose of the loan is to provide cash out to pay down a lien on another property, for which the Borrower has an approximately $130,000 shortfall. Upon maturity, the Borrower intends to refinance into a long-term loan. The Borrower is a restaurant entrepreneur with approximately 18 years of experience and currently owns three Mexican restaurants in Los Angeles. The restaurant operations generated approximately $362,500 in deposits over a two-month period. In addition, the Borrower averages approximately $13,000 in monthly rental income and owns five additional properties with an estimated combined value of $3.5 million. The Borrower has a FICO score of 663. The loan will have a maturity of 36 months.