Defaulted Freestanding 6 Unit Multi Tenant Retail Center
Located in Desirable Area of Inglewood

Subject property consists of 2 freestanding retail buildings for 6 tenants
totaling 9042 SF located on a major 17789 SF corner lot with over 50' feet of exposure on both sides and comes with 21 parking spaces.
Property is ideally located one half a mile (5 blocks) to the new SOFI Football Stadium, The Forum, Hollywood Park Casino and the new Intuit Stadium the home of the LA Clippers.

Loan Amount $4,300,000 in 2023
Original Interest Rate 7.25%
Default Rate at 12.25%
NOD Filed 10/2024
Loan Matures October 2028
Appraised Value $6,500,000