Just over ten acres, zoned RS, owned free and clear.
APN
0631-121-35-0-000
Vesting
John Cramer, an unmarried man — sole
Encumbrances
None. No mortgage, no deed of trust
Lien position
First available
Corinthian Title preliminary report 129430-AF, 23 April 2025.
The ask
Cash-out bridge against a free-and-clear parcel
Reimburse sunk cost, build 1,800 sq ft / 3 bedrooms, sell. The sale retires the debt.
Reimbursement doubles as the overrun contingency.
Right product
Business-purpose bridge. Underwrites the asset. The only structure that returns
cash at closing.
Wrong product
85% LTC ground-up. Underwrites borrower income and funds draws against future work,
so it cannot reimburse 2020 spending.
Diligence already complete
Percolation passed and stamped
Sladden Engineering 20-12-640, 21 December 2020. Stamped PE C45389 / PG 2634.
Test holes
Six, plus a bedrock permeability hole
Rates
1.02 – 5.25 minutes per inch
Conclusion 7.1
Leach lines may be used
Capacity
Sufficient area for the system and its expansion
Groundwater
Beyond 100 feet
Diligence already complete
Septic sized to the design
Three bedrooms at 1.25 sq ft per gallon per day — 670 gallons per day.
Tank
1,000 gallon
Absorption
838 sq ft
Leach line
279 ft — 120 ft with a 2-ft gravel bottom
Chambers
Cut required length by 30%
Diligence already complete
Utilities and site
Off-grid power with district water is the strong combination in this submarket. Water is
what desert valuation penalizes, and that risk is removed.
Water
Joshua Basin Water District, at the street
Sewer
None — septic, sized and perc-approved
Power
Off-grid solar with storage
Survey
June 2018, with plot map on file
Drawings
Structural and floor plan prepared
Steel
Package ordered, documentation on file
Steel delivery and erection are not yet documented.
Upside, not underwriting
The parcel splits
District minimum lot size is five acres against just over ten. The split is viable on
size alone. Civil engineering and a tentative parcel map follow funding — they are not a
condition of the loan.
Presented as optionality. The loan is not underwritten to it.
Open, and stated plainly
Two items still to close
Neither is hidden, and neither is a title or entitlement problem.
As-is land value
Not yet established. No appraisal, BPO, or comparable-land analysis is in the file.
This is the load-bearing number and it drives the loan amount. Closed ten-acre
Joshua Tree land comparables for the last twelve months are being pulled.
Borrower disclosures
Three items being finalized in the request: an approximately $80,000 obligation, a
$63,000 business-account inflow of 4 August 2026, and the credit narrative.
Raw unimproved land bridges commonly cap at 50–65% LTV, and some lenders
decline the collateral type outright.
Closing mechanics
Paid from proceeds at closing
Escrow pulls demands. These come off the top — line items, not conditions.
Property taxes
Delinquent balance — escrow demand
Joshua Basin
District balance — escrow demand
Prelim
Updated title report as a closing condition. The April 2025 prelim governs until
refreshed.
After funding
Build sequence
Nothing below is a condition of closing.
Contractor
Bid the GC scope and the steel erection separately — most desert GCs have not
erected a Quonset arch.
Will-serve
Letter from Joshua Basin Water District
Permits
Confirm live status — records on file reference a different APN
Lot line
Adjustment handled after funding, once construction is underway