Page 23 - Nikols - Annual Report 2022

MI LI N LOAN
CA
$ Industrial,
Vista, CA
CA
$ , CA
P Collat ral LTV Te LTV Terms rate y Commen s Acquis tion of vac nt previo s owner/ ser buildi g with f nds or in eri r and ex eri r improv ments.
15,18 sq are foot b ildi g, on a 38 t a t s a r site.
imu loan t sta il zed value.
t re t, 12-mo h term, % lo f e.
S lea e nd re ina ce.
North an Di go ounty locati n with h ghly experi nced Sponso . Spons has be .
Purpo . Spons has be .
Purpo n i volv d
in ind .
N d st ia he ar ial in Sou .
N d st ia he ar n Califo nia for ov for r 2 yea s.
Lack ava la le simila produc in the .
N d st ia he ar ali a.
ourt loan w th t is S onso .
Purpo ment.
$6.5 N
13-Ho A
Purpose C Simi Valley, CA
ey, CA
$5.0 Purpose Collateral LTV Terms s Re Comments onstructi n o 6 h es and sello f.
6 h y, Vent ra on Coun y, the ubdivis on con sts of 13 lots f which Va h l
b me wil Va h l
b cons L r cated cted ow. pon he ec additional ipt of perm in has II will b ra on truct d ow. pon he ec additional ipt of perm ts.
igh dem Va h l
b nd area wi low supply of n w ho es.
l
b nd cted tab lized v lue.
t rm, 2% l n origin tion ee .
Sal mes.
ong exp rie ce in r side tial devel ns pm ge nt in the g eater Los A ns pm ge es.
ion.
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