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Loan Request for Commercial loan in Los Angeles, CA, 91605

Request #3778348 by Lender

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12/3/2025 1:53:24 AM
Los Angeles, CA, 91605, USA Show Map
Commercial
$1,100,000
$100,000
9.09 %
720-739
Refinance all
Business Purpose: The aim is to renovate classic cars, then sell them to repay the loan or refinance. The owner keeps his collection of vintage cars at a different location than the subject property.
The property is owned free and clear. The client reported receiving offers exceeding $1 million. According to Preplexity, the current value is $416,000, which equates to a 20% LTV. Please see the attached documents.
A car mechanic currently leases the property, paying $4,400 per month.
Additionally, they own a four-unit complex valued at $1.5 million, which is also free and clear.
I am both the client's loan broker and a longtime friend of over 40 years.
Only direct lenders are considered for this loan. I will prioritize replies with soft quotes

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