For Sale Former Church Facility
A great opportunity to open your own Assisted Living Facility or Bed & Breakfast or finish converting this former church building into your own special home. The 4400+- sq. ft. main building is currently being developed into a very special, single family home with attached “Granny” unit and there is also a separate Guest House.
The Main building is a 4400+- sq. ft. building that has 6 bedrooms, 3 ¼ bathrooms. The bedrooms have hickory flooring or carpet. Each bedroom room has a generous size closet, some are walk-ins. You have a nice size laundry room with built in storage cabinets and a utility sink. There is an extra large 1120+- sq. ft. living room with 15 foot tall ceilings with exposed log beam trusses, and beautiful chandeliers. From the moment you walk into this house through the front door, you will know that you are in a very special place! Whether standing upon the former church dais, and looking down the length of the building through those log beam trusses, or enjoying the great living spaces, it will take your breath away!
The Master bedroom suite features a sitting area, separate his and her closets, and in suite spa like bathroom. The Master bath with its log beamed ceiling, antique dual sink vanity, 6 ft. Jacuzzi spa tub, and separate shower provide you with a pampering experience that will take you away from all of life’s troubles.
Then there are the 6 & 7 foot wide hallways through the double doors, leading into the 1040+- sq. ft. family room/kitchen (great room). There is plenty of room for a pool table; home entertainment center and large dining room table, along with a great eat in kitchen. This will be that great space your family is looking for to relax and enjoy life together in.
All of the interior walls, ceilings and most of the raised wood floors are insulated to control the movement of sound from room to room as well as improve energy effiency. The electrical and plumbing systems have all been updated. The roof is only 3 years new and is of architectural grade, 40 year composition shingles. There are beautiful, energy star ceiling fans in every room, some with remote controls for ease of use. The main hallway features antique light fixtures that came out of an old school in Buffalo New York, circa 1928. The beautiful inlaid tile flooring, adds that classic touch. There is even a niche waiting for that indoor water feature.
Attached IN-Law or Rental Unit
The attached 760 sq. ft. “In-Law Suite”, is a fully self- contained 1 bedroom, 1 bathroom unit, with its own separate entries. There is a full size kitchen with separate eating area. The bathroom comes with a nice size shower, pedestal sink and laundry hookups and extra storage cabinets. This allows your family member to be a part of your daily family life, while giving them their own freedom. It is designed so that you can access it directly from the Main House or set it up to rent it out as a separate unit.
Guest House
The completely separate Guest House was completely Remolded in 2005. It consists of a 1350 +- sq. ft. with 3 bedrooms and 2 full baths. It has newer interior & exterior paint, dual pain windows, upgraded doors, newer HVAC systems, tile & Berber Carpet throughout the house. Enjoy the Bright and Open Kitchen with a Refrigerator, Dishwasher, Oven/Range, duel tub sink with garbage disposal, classic black tile counter tops & hickory cabinets with plenty of built in storage. There is also an indoor laundry area adjacent to the kitchen with space for a freezer. There is even a large separate storage building adjacent to the driveway.
This is truly a one of a kind property!
Lot Size: 1.75 Acres lot.
Zoning: RM3, City of Angels Camp Zoning, you could build up to 16 units on this property if you choose to.
Circular driveway with plenty of parking. Semi wooded lot terraced, slightly down sloped but with plenty of level useable land.
This is a work in progress and the main building still needs some additional work. The buildings are sound, the location is great and the upside potential is unbelievable! This is an “AS IS”, sale. To view this property or get additional information contact Mark at 209-736-0518 or 805-234-4100 or via e-mail at venkaye@aol.com.
Open your own Assisted Living Facility or B&B or make into your own special home.4400sq.ft. 6 bedrooms, 3 bathrooms, hickory flooring or carpet. Each bedroom room has a generous size closet, laundry room wth storage cabinets and utility sink,large 1120sq.ft. livingroom, 15 foot ceilings, log trusses and beautiful chandeliers. Master bedroom ste with sitting area, separate his and her closets,in ste bathroom, Log beamed ceiling, antique dual sink vanity, 6 ft. Jacuzzi spa tub, and separate shower,wide hallways,1040 sqft. family room/kitchen. Updated electrical and plumbing systems, 3 yr new roof 40 yr composition shingles, ceiling fans in every room. Main hall features antique light fixtures, circa 1928, Inlaid tile flooring,Attached IN-Law or Rental Unit The attached 760 sq. ft. In-Law Suite, is a fully self- contained 1 bedroom, 1 bathroom unit, with its own separate entries. There is a full size kitchen with separate eating area. The bathroom comes with a nice size shower, pedestal sink and laundry hookups and extra storage cabinets. This allows your family member to be a part of your daily family life, while giving them their own freedom. It is designed so that you can access it directly from the Main House or set it up to rent it out as a separate unit. Guest House The completely separate Guest House was completely Remolded in 2005. It consists of a 1350 +- sq. ft. with 3 bedrooms and 2 full baths. It has newer interior & exterior paint, dual pain windows, upgraded doors, newer HVAC systems, tile & Berber Carpet throughout the house. Enjoy the Bright and Open Kitchen with a Refrigerator, Dishwasher, Oven/Range, duel tub sink with garbage disposal, classic black tile counter tops & hickory cabinets with plenty of built in storage. There is also an indoor laundry area adjacent to the kitchen with space for a freezer. There is even a large separate storage building adjacent to the driveway.This is truly a one of a kind property!Lot Size: 1.75 Acres lot Circular driveway with plenty of parking. Semi wooded lot terraced, slightly down sloped but with plenty of level useable land. This is a work in progress and the main building still needs some additional work. The buildings are sound, the location is great and the upside potential is unbelievable! This is an AS IS, sale. To view this property or get additional information contact Mark at 209-736-0518 or 805-234-4100
What a great place to relocate your business! $569,500.00
What a Great Investment Opportunity!
This .70 Acre lot with a 1900 Sq. Ft. building was a former restaurant and could be again. All of the restaurant features are still in the building. It would also make a great office or retail sales location. The building is currently leased as an office to a long term tenant and the tenant would like to stay, but if you need the space they will relocate. The property is located within an easy 5 to 10 minute drive to some of the best recreational areas in the state. The large paved parking area can accommodate 40 or more cars. The building has great hwy. visibility and traffic count. There is also a 4.2 acre home site located adjacent to this property for sale, you could build your home there and work here. This property is located in Big Oak Flat on Hwy 120.
Mark V. Jones
Commercial Real Estate Services *CA. Dept of Real Estate# 01119658
Central Valley Direct Phone Line: (209) 736-0518
Central Coast Direct Phone Line: (805) 234-4100
$5 Billion Available
Assisted Living & Multifamily Program
Acquisition & Refinance
Property Types:
· Multifamily - Mixed Use
· Assisted Living - Student Housing
· Mobile Park Housing - Acquisition & Refinance
Terms and Conditions:
Ø Loan Size $1, 000,000 / No Maximum
Ø Pricing Tired Pricing Matrix. More favorable pricing available for higher DSC and lower LTV.
Ø Loan Term 5 to 30 years - Amortization Up to 30 years
Ø Minimum DSC 1.15 for a variable rate / 1.20 for fixed rate
Ø Maximum LTV 75% - 80% LTV
Ø Adjustable Rate Available. Priced off the one month or three month LIBOR. Convertible and non convertible options available.
Ø Eligible Property Multi-Family, Mixed- Use, Assisted Living,
Ø Eligible Borrower Single asset entity
Ø Occupancy Requirement 90% physical occupancy
Ø Tax & Insurance Escrows Monthly deposits required. May be waived if certain criteria met.
Ø Recourse Non-recourse with standard exceptions of fraud and misrepresentation can be waived for 100% restricted properties.
Ø Commercial Space Maximum 20% of net rentable area and maximum 20% of effective gross income
Ø Required Reports Appraisal, property condition, assessment and phase 1
Ø Prepayment Yield maintenance or defeasance
Ø Assumable Subject to approval and 1% fee
Ø Supplemental Loans Eligible for secondary financing after 12 months
Ø Closing Closing within 45 to 60 days
Committed to Service. Dedicated to Close. Since 1992
CA. Dept of Real Estate# 01119658
E-mail: mvjonesloans@aol.com Web: www.mvjonesloans.biz
For Sale Commercial Building in Turlock, CA.
2,400 Sq. Ft. Retail/Service Commercial building with an additional 700 Sq. Ft. separate garage/shop building in the back, all on a 9,000 Sq. Ft. lot. Great street visibility on a high traffic street in downtown Turlock, CA. Includes 6 off street parking spaces in the front and additional parking through the 10 ft. wide gate that accesses the rear portion of the property. The building is a pored concrete block structure , free spanned trussed open rafters ceiling with separate office and restroom spaces. The property needs a little TLC but overall is in good condition. The current business occupying the property would consider a long term lease or they can vacate the building for a new owner user. There is an excellent assumable loan and the seller would consider carrying back a note with 30% down. The asking price is $459,000.00 and the property is located at 715 Lander Ave., Turlock, CA.
Mark V. JonesCommercial Real Estate ServicesCommitted to Service. Dedicated to Close. Since 1992
Central Valley Phone Line: (209) 736-0518
**CA. Dept of Real Estate# 01119658
Central Coast Phone Line: (805) 234-4100
***E-mail: mvjonesloans@juno.com
MARK V. JONES - Broker/Mortgage Planner Central Coast Office:(805) 234-4100 Central Valley Office:(209) 736-0518 Commercial Real Estate Lending
Our Highly Flexible Loan Programs.
Mark V. Jones Local Banks
30 Year Amortization YES NO
Up to 30 Yr. Fixed Term YES NO
Interest Only Loans YES NO
Up to 90% Owner Occupied YES NO
Low DSCR YES NO
High LTV YES NO
Loan Limits NO YES
Referral Fee YES NO
We make every effort to expedite the loan process. All documents can be e-mail. Most loans can be closed in 30 to 45 days from full application submission. We customize each loan to meet the financial needs of the borrower.
I look forward to working with you in the successful completion of your commercial Real Estate transactions.
Not all borrowers will qualify for all programs.
Recently Approved Loan: Purchase loan of a C-Store with Gas Station in Cambria, CA. The owner has been leasing the building for some time and wanted more control over the property and his future. We combined a prior business purchase loan with the new property purchase loan and in the process reduced their monthly payment by over $2,000. Terms of the deal: 80% LTV @ 5.75%, 25 yr. Amorz. no balloon. Give me a call, let's see what we can do for you!
Commercial Real Estate Loans $100,000 to $50 Million* Flexible Rate and Term Options Fast Pre-approvals and Closings Cash Out Refinances Full Doc Loans (Best Rate & Pricing) Stated Income Loans (To 60%LTV) Construction Loans**Purchases With As little as 5% Down
Central Coast Phone(805) 234-4100Central Valley Phone(209) 736-0518e-mail: mvjonesloans@juno.comhttp://www.mvjonesloans.biz
Mark V. JonesCommercial Real Estate ServicesDedicated To Service, Committed To Close. Since 1992
Investing in a Rental Property
Investing in rental property has become increasingly popular in recent years. That's not surprising if you consider the potential rewards: you can not only generate rental income, but also profit from increasing housing prices. But success as a landlord requires more than collecting rent checks and riding the real estate market — there's real work involved, and substantial risk as well. Here are some tips that can help you make an informed investment decision.
Do the math
Unlike a primary residence, a rental property isn't an emotionally driven purchase — it's an investment. And as an investor, you should think about it primarily in terms of profit and loss, risk and reward. Whether you come out on top will depend mostly on two factors:
• Cash flow: Consider how much rent you can collect each month, and how much will be left over after mortgage payments, maintenance costs, and other expenses. • Appreciation: Rental-property owners can't rely only on appreciation to make their investments profitable, but it certainly can help.
Evaluate the market
Like any other business, rentals are subject to the basic forces of supply and demand. If apartments are in short supply, you probably won't have trouble filling yours. When you are trying to generate positive cash flow from a rental property, vacancies are perhaps your greatest enemy. They cost you money and generate no income in return.
Your first line of defense against vacancies is a good evaluation of the rental market before investing. Talk to Realtors and property managers in the area, and check the frequency of rental listings in the local paper. Keep in mind that certain neighborhoods, such as those near schools or universities, may have higher demand for rentals than others.
Prepare for the commitment
Owning a rental property is more than an investment — it's a business. You have to be willing and able to commit the time and resources necessary to run your business successfully. Whether you are actively involved in the day-to-day operations or hire someone to manage them for you, make sure you understand how much time or money you will have to spend before you invest.
Construction Loan Program
Product Type Multifamily, Office, Retail, Strip Malls, Lt Industrial, Auto Service, Assisted Living Care, Single Tenant Office Condos, Self Storage, Mobile Home Parks, Warehouse and most income producing properties. (No Single Family Residential)
Most loans offer a Construction to Perm feature.
Loan Amounts Loan amounts of $500,000 up to $500 million available.
Preferred Loan Amounts $2,000,000 to $20,000,000.
Maturity Exit Strategy mandatory 12 to 36 months
INTREST RATES Floating over Prime; typically subject to a floor.
Index (Your Choice) 4.000% Prime +1 adjusted monthly (4.00%) + 1 = 5.00%
2.235% LIBOR 3 month +
3.762% 10 Year Treasury +
12% to 14% Hard Money (Private Lender closes within 10
Business days) this is expensive but fast with little paperwork.
Land Acquisition 30% to 50% (typically 40%)
Term 12 months to 36 months; extensions available
Loan to Cost Up to 80% of cost
Loan to Value 75% Maximum LTV of stabilized value
Prepayment Penalty No pre-payment penalty
UNDERWRITING Loan to Cost Value, Loan to Value and Debt Service Coverage negotiable on a case-by case basis.
CLOSING Typically 45 to 60 days after receipt information.
Acquisition and Development Loans are Back!
That’s right, large loans for developers to build out resorts, hotels, water parks, even RESIDENTIAL SUBDIVISIONS are getting done again!
I know, the banks are frozen up right now and the Wall Street firms are all under investigation and living in panic mode right now. And I don’t think that will change for some time. And I know the media is telling you that commercial lending is going to drop this year and we are all going to fall off a cliff. I know. However, the big hedge fund and private money guys used most of last year to build up their cash reserves and they have begun to deploy it! I cannot tell you definitely why, but deals I could not get done last year are getting multiple bids on them now. Over the next 30 days, I will close almost $30 Million in development deals. Like a self-storage facility in Los Angels, CA. $14 Million or a $8 Million mixed use condo development in Costa Mesa, CA. It is incredible.
Maybe the big money, behind the Wall Street firms realize that all the Fed bail-outs are going to lead to inflation (that is the only result of printing so much money we don’t have). In inflationary times, real estate does well. Maybe they just need to deploy the money to get it moving. I don’t know. What I do know is that the money is moving and big projects are closing and they won’t have all that money forever. So what does this mean to mortgage brokers and how can you tap this?
Let every developer you know in on your “secret”, that you have a source for money to fund their development. They won’t believe you, but it is true. The biggest obstacle I have to overcome with these guys is they don’t believe anyone is lending. Now here is the good news, MOST OF MY DEALS SO FAR ARE GETTING DONE WITH NO DUE DILIGENCE. This is not some bait and switch deal where a company charges large up front due diligence’s – this is real money lending to real projects. The projects have to be strong, and the developers need experience and they need to have some skin in the game but if the project is strong, we can get it done. If it is residential in nature they need pre-sales, won’t get done without it but there are many projects out there that are pre-sold and they still have been unable to get money. Now they can. Give me a call and together let's see if we can get the economy moving.
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