A loan transaction was executed involving a single family and industrial building with a total square footage of 43,301 in the Hidden Hills & Coalinga market. The acquisition loan amounted to $6,000,000, which was secured by the borrower utilizing their single-family residence as cross-collateral for acquiring a 35,875 sq ft cannabis cultivation site. No appraisal was required for this transaction.

Summary of transaction details:

• Property Type: Single Family & Industrial Building
• Transaction Amount: $6,000,000
• Lender: Daniel Zand - Shawbrook Capital
• Brokers: Lance Washington - Mar Vista Partners
• Loan Type: Acquisition

Daniel Zand acted as the lender from Shawbrook Capital in this transaction, while Lance Washington from Mar Vista Partners represented the brokers involved. This deal highlighted the coordination between parties in executing the acquisition loan without the need for an appraisal.