Logan Investments Provides $1.5M Loan For Retail Portfolio Acquisition In Colton, Fresno, Temple City & Desert Hot Springs

An $1,500,000 loan has been secured for the purchase of a retail property located at 1703 E. Washington Street, 5329 Baldwin Avenue, 4201 E. Shields Avenue, and 64801 & 64851 Dillon Road. The loan is provided by Logan Investments and has a term of 18 months. It is classified as a second and fourth alien loan, covering both commercial and land assets within the market areas of Colton, Fresno, Temple City, and Desert Hot Springs.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,500,000
• Lender: Logan Investments
• Landlord: Sergey Vershinin
• Broker: Ron Sentchuk - AGENCY

This loan transaction was facilitated by Ron Sentchuk, representing the borrower as their broker. The borrower had limited funds available for a down payment, but they were able to offer other real estate assets as collateral. These included three other gas stations and a solar field. With the additional collateral, Logan Investments was able to provide the necessary financing for the borrower to successfully close on their new gas station, helping to make hard money easy.