Defaulted Fully Refurbished Cold Storage Warehouse
w/ 5 Dock High Doors in City Of Vernon on 1 Acre

PROPERTY #A
roperty consists of a 20853 SF warehouse with 9653 SF of dry storage and
9000 SF of cold storage in five coolers with temperatures as low as 29
degrees & ranging from 893 SF to 3240 SF. Their is 2 offices totaling
2200 SF with a mezzanine and the ceiling heights are 16' and
the building is fully sprinkled with 600 AMPS of power with
5 dock high doors. Located in easy to reach area of the
City of Vernon near Downey Rd and 26th Street.
Easy Access to the 710, 5, 101 and 10 fwy's
Built in 1952 and refurbished in 2020.

PROPERTY #B
1764 SF on 8453 SF Lot - Built 1976

PROPERTY #C
4 Bedrooms and 3 Bathrooms
2100 SF on 5993 SF Lot - Built 1979

PROPERTY #A
Original Loan Amount $3,440,000 from 2021
Current Interest Rate 13.5%
Maturity Date October 2031
NOD Filed 11/27/2024
Payments behind over 139 days
Property was in escrow for $7,000,000
but when Phase 1 was done some
issues came up but can still
be leased out for now.
Appraised Value @ $7,750,000 from 9/2024
CURRENT UNPAID BALANCE - $3,484,713

PROPERTY #B
Original Loan Amount $1,000,000 from 4/2018
Current Interest Rate 14%
Loan Matured 11/2023
NOD Filed 7/2024
Payments behind over 387 days
Appraised Value $1,120,000

PROPERTY #C
Original Loan Amount $1,000,000 from 5/2023
Current 1st Loan Balance $300,000
Current Interest Rate 14%
Loan Matured 11/2023
NOD Filed 7/2024
Payments behind over 120 days
Appraised Value $1,300,000
CURRENT UNPAID BALANCE (Property B & C) - $1,540,000