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OFF MARKET Distressed Assets

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Photo
Property TypeIndustrial
LocationLos Angeles, California
TitleDefaulted Loan on Commercial Warehouse with Adjacent Lot for Parking in Orange County
Summary

Defaulted Loan on Commercial Warehouse with Parking Lot
in Orange County City of Stanton

Details

PROPERTY DETAILS
6384 SF on 17424 SF Lot - Built 1981
This is a senior 1st first position loan on a 1 Story Industrial
warehouse on a corner site. Property features an adjacent
fenced in lot and located in a commercial district area
with very easy access to the 22 and 405 freeways.

Note Details

Original Loan Amount $1,137,500
Original Interest Rate 5.49%
NOD FILED February 2025
Default rate now at 9.49%
Maturity date April 2052
Loan can be accelerated
Valued at $2,000,000+

Current Unpaid Balance$1,350,575.00
Date UpdatedApril 3, 2025