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HomeMy WebLinkAboutPA2023-0035_20230215_Preliminary TItle ReportPage 1 Date:02/14/2023 Property:3500 E COAST HWY, CORONA DEL MAR, CA 92625-2402 APN:459-212-01 County:ORANGE Page 2 Subject Property Location Report Date: 02/14/2023 Property Address 3500 E COAST HWY Order ID: R107093578 City, State & Zip CORONA DEL MAR, CA 92625-2402 County ORANGE COUNTY Property Use Store/Office (mixed use) Mailing Address 3500 E COAST HWY STE 100, CORONA DEL MAR, CA 92625-2474 Parcel Number 459-212-01 Census Tract 0627.02 Latitude 33.595278 Thomas Bros Pg-Grid Longitude -117.869078 Legal Description Details Lot Number: 1 Block: U Subdivision Name: CORONA DEL MAR Tract No: 323 Brief Description: N TR 323 BLK U LOT 1 TR 323LOT 1 BLK U ALL -EX HWY- Current Ownership Information *Source of Ownership data: Assessment Data Primary Owner Name(s)HIG CDM LLC Vesting Company Latest Full Sale Information Details beyond coverage limitations Financing Details at Time of Purchase No financing details available Property Characteristics Bedrooms Year Built 1962 Living Area (SF)8,120 Bathrooms/Partial Garage/No. of Cars Price ($/SF) Total Rooms Stories/Floors 2 Stories Lot Size (SF/AC)5,673/.13 Construction Type No. of Units Fireplace Exterior Walls No. of Buildings Pool Roof Material/Type Basement Type/Area Heat Type Foundation Type Style A/C Property Type Commercial View Elevator Land Use Store/Office (mixed use)Zoning Assessment & Taxes Assessment Year 2022 Tax Year 2022 Tax Exemption Total Assessed Value $5,217,817 Tax Amount $57,209.92 Tax Rate Area 7-001 Land Value $3,696,508 Tax Account ID Improvement Value $1,521,309 Tax Status No Delinquency Found Improvement Ratio 29.16%Delinquent Tax Year Total Value Market Improvement Value Market Land Value Market Value Year Lien History Trans. ID Recording Date Lender Amount Purchase Money 1 06/16/2021 FIRST REPUBLIC BANK $4,000,000 NO 2 06/16/2021 FIRST REPUBLIC BANK $2,750,000 NO 3 02/01/2019 CITY NATIONAL BANK $2,500,000 NO 4 07/10/2015 CITY NATIONAL BANK $4,000,000 NO 5 07/21/2014 CITY NATIONAL BANK $2,312,363 NO 6 12/30/2013 CITY NATIONAL BANK $1,385,475 YES 7 12/30/2013 THE MORTGAGE CAPITALDEVELOPMENT CORP $550,000 NO 8 12/30/2013 CITY NATIONAL BANK $532,875 NO Loan Officer Insights Page 3 No details available Page 4 Subject Property Location Report Date: 02/14/2023 Property Address 3500 E COAST HWY Order ID: R107093579 City, State & Zip CORONA DEL MAR, CA 92625-2402 County ORANGE COUNTY Property Use Store/Office (mixed use) Mailing Address 3500 E COAST HWY STE 100, CORONA DEL MAR, CA 92625-2474 Parcel Number 459-212-01 Transaction Summary Trans ID Recording Date Document Type Document Description Sale Price / Loan Amount Document Number Buyer / Borrower Seller 1 08/17/2021 Release Full Release with Legal Description $2,500,000 2021000517909 HIG CDM LLC 2 07/15/2021 Release Full Release with Legal Description $4,000,000 2021000455679 HIG CDM LLC 3 06/16/2021 Mortgage Credit Line $2,750,000 2021000397668 HIG CDM LLC 4 06/16/2021 Mortgage Commercial Loan $4,000,000 2021000397665 HIG CDM LLC 5 02/01/2019 Mortgage Commercial Loan $2,500,000 2019000033724 HIG CDM LLC 6 01/13/2016 Release Substitution of Trustee and Full Reconveyance $2,312,363 2016000016707 HIG CDM, LLC 7 10/27/2015 Release Substitution of Trustee and Full Reconveyance $550,000 2015000557533 HIG CDM, LLC 8 07/29/2015 Release Substitution of Trustee and Full Reconveyance $1,385,475 2015000392689 HIG CDM, LLC 9 07/10/2015 Mortgage Commercial Loan $4,000,000 2015000360522 HIG CDM LLC 10 07/21/2014 Mortgage Building or Construction Loan $2,312,363 2014000288473 HIG CDM LLC 11 03/18/2014 Release Full Release with Legal Description $532,875 2014000101876 HIG CDM, LLC 12 12/30/2013 Assignment Assignment of Mortgage $550,000 2013000712075 HIG CDM, LLC 13 12/30/2013 Mortgage Commercial Loan $550,000 2013000712074 HIG CDM LLC 14 12/30/2013 Mortgage Commercial Loan $532,875 2013000712071 HIG CDM LLC 15 12/30/2013 Mortgage Commercial Loan $1,385,475 2013000712069 HIG CDM LLC 16 12/30/2013 Deed Grant Deed 2013000712068 HIG CDM LLC JACKSON, JAMES R; JACKSON, RAY N; JAMES& RAY JACKSON LIVING TRUST; MARY M REDINGFAMILY TRUST; MANN, BETTY J; MANN, BETTYJOYCE; (3 more ...) 17 12/05/2008 Deed Intra-family Transfer or Dissolution 2008000562159 JACKSON, JAMES R; JACKSON, RAY N JACKSON, RAY NAOMI;ESTATE OF ISABEL W MILLER; 000003; CASE#49192 18 12/05/2008 Deed Intra-family Transfer orDissolution 2008000562158 JACKSON, JAMES R;JACKSON, RAY N JACKSON, JAMES R;JACKSON, RAY N 19 02/19/2002 Deed Intra-family Transfer or Dissolution 20020137402 REDING, MARY M; MARY M REDING FAMILY TRUST REDING, MARY M Transaction History Legend Transfer Mortgage Mortgage Assignment Foreclosure Activity Mortgage Release Transaction Details Mortgage Release Transaction ID 1 Recorder DocNumber 2021000517909 Loan Amount $2,500,000 Effective Date 08/17/2021 Document Type Release Origination Doc#2019000033724 Page 5 Borrower(s) Name HIG CDM LLC Document Description Full Release with Legal Description Origination Recording Date 02/01/2019 Current Lender FIRST AMERICAN TITLE INSURANCE COMPANY Recording Date 08/17/2021 Original Lender CITY NATIONAL BANK Mortgage Release Transaction ID 2 Recorder Doc Number 2021000455679 Loan Amount $4,000,000 Effective Date 07/15/2021 Document Type Release Origination Doc #2015000360522 Borrower(s) Name HIG CDM LLC Document Description Full Release with Legal Description Origination Recording Date 07/10/2015 Current Lender FIRST AMERICAN TITLE INSURANCE COMPANY Recording Date 07/15/2021 Original Lender CITY NATIONAL BANK Mortgage Transaction ID 3 Recorder DocNumber 2021000397668 RecorderBook/Page Mortgage Date 06/07/2021 Document Type Mortgage Rate Change Freq Monthly Loan Amount $2,750,000 Document Description Credit Line 1st Periodic Floor Rate Loan Type Credit Line Recording Date 06/16/2021 1st Periodic Cap Rate Origination Lender Name FIRST REPUBLIC BANK Origination Interest Rate Lifetime Cap Rate OriginationLender Type Bank First RateChange Date Change Index Type Financing Variable Maturity Date IO Period Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step Rate Rider Prepayment Penalty Term AdditionalBorrowers Adj Rate Rider Adj Rate Index Vesting Mortgage Transaction ID 4 Recorder DocNumber 2021000397665 RecorderBook/Page Mortgage Date 06/07/2021 Document Type Mortgage Rate Change Freq Loan Amount $4,000,000 Document Description Commercial Loan 1st Periodic Floor Rate Loan Type Commercial Loan Recording Date 06/16/2021 1st Periodic Cap Rate Origination Lender Name FIRST REPUBLIC BANK Origination Interest Rate Lifetime Cap Rate OriginationLender Type Bank First RateChange Date Change Index Type Financing Maturity Date IO Period Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step Rate Rider Prepayment Penalty Term AdditionalBorrowers Adj Rate Rider Adj Rate Index Vesting Mortgage Transaction ID 5 Recorder DocNumber 2019000033724 RecorderBook/Page Mortgage Date 01/29/2019 Document Type Mortgage Rate ChangeFreq Loan Amount $2,500,000 Document Description Commercial Loan 1st Periodic Floor Rate Loan Type Commercial Loan Recording Date 02/01/2019 1st Periodic Cap Rate Origination Lender Name CITY NATIONAL BANK Origination Interest Rate Lifetime Cap Rate Page 6 Origination Lender Type Bank First Rate Change Date Change Index Type Financing Maturity Date IO Period Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step Rate Rider Prepayment Penalty Term Additional Borrowers Adj Rate Rider Adj Rate Index Vesting Mortgage Release Transaction ID 6 Recorder DocNumber 2016000016707 Loan Amount $2,312,363 Effective Date 01/08/2016 Document Type Release Origination Doc#2014000288473 Borrower(s) Name HIG CDM, LLC Document Description Substitution of Trustee and Full Reconveyance Origination Recording Date 07/21/2014 Current Lender CITY NATIONAL BANK Recording Date 01/13/2016 Original Lender CITY NATIONAL BANK Mortgage Release Transaction ID 7 Recorder Doc Number 2015000557533 Loan Amount $550,000 Effective Date 08/10/2015 Document Type Release Origination Doc #2013000712074 Borrower(s) Name HIG CDM, LLC Document Description Substitution of Trustee and Full Reconveyance Origination Recording Date 12/30/2013 Current Lender UNITED STATES SMALL BUSINESS ADMINISTRATION Recording Date 10/27/2015 Original Lender THE MORTGAGE CAPITAL DEVELOPMENT CORP Mortgage Release Transaction ID 8 Recorder Doc Number 2015000392689 Loan Amount $1,385,475 Effective Date 07/22/2015 Document Type Release Origination Doc#2013000712069 Borrower(s)Name HIG CDM, LLC DocumentDescription Substitution of Trustee andFull Reconveyance OriginationRecording Date 12/30/2013 Current Lender CITY NATIONAL BANK Recording Date 07/29/2015 Original Lender CITY NATIONAL BANK Mortgage Transaction ID 9 Recorder Doc Number 2015000360522 Recorder Book/Page Mortgage Date 07/03/2015 Document Type Mortgage Rate Change Freq Loan Amount $4,000,000 Document Description Commercial Loan 1st Periodic Floor Rate Loan Type Commercial Loan Recording Date 07/10/2015 1st Periodic Cap Rate OriginationLender Name CITY NATIONAL BANK OriginationInterest Rate Lifetime CapRate OriginationLender Type Bank First RateChange Date Change Index Type Financing Maturity Date IO Period Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step Rate Rider Prepayment Penalty Term AdditionalBorrowers Adj Rate Rider Adj Rate Index Vesting Mortgage Transaction ID 10 Recorder DocNumber 2014000288473 RecorderBook/Page Mortgage Date 07/11/2014 Document Type Mortgage Rate Change Freq Loan Amount $2,312,363 Document Description Building or Construction Loan 1st Periodic Floor Rate Loan Type Building or Construction Loan Recording Date 07/21/2014 1st Periodic Cap Rate Page 7 Origination Lender Name CITY NATIONAL BANK Origination Interest Rate Lifetime Cap Rate OriginationLender Type Bank First RateChange Date Change Index Type Financing Maturity Date IO Period Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step Rate Rider Prepayment Penalty Term AdditionalBorrowers Adj Rate Rider Adj Rate Index Vesting Mortgage Release Transaction ID 11 Recorder DocNumber 2014000101876 Loan Amount $532,875 Effective Date 03/07/2014 Document Type Release Origination Doc #2013000712071 Borrower(s) Name HIG CDM, LLC Document Description Full Release with Legal Description Origination Recording Date 12/30/2013 Current Lender CITY NATIONAL BANK Recording Date 03/18/2014 Original Lender CITY NATIONAL BANK Mortgage Assignment Transaction ID 12 Recorder Doc Number 2013000712075 Original Loan Amount $550,000 Effective Date 12/10/2013 Document Type Assignment Origination Doc #2013000712074 Borrower(s)Name HIG CDM, LLC DocumentDescription Assignment of Mortgage OriginationRecording Date 12/30/2013 Recording Date 12/30/2013 Original Lender THE MORTGAGE CAPITALDEVELOPMENT CORP Assignor Name THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION Assignee Name THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION Mortgage Transaction ID 13 Recorder DocNumber 2013000712074 RecorderBook/Page Mortgage Date 12/10/2013 Document Type Mortgage Rate ChangeFreq Loan Amount $550,000 Document Description Commercial Loan 1st Periodic Floor Rate Loan Type Commercial Loan Recording Date 12/30/2013 1st Periodic Cap Rate Origination Lender Name THE MORTGAGE CAPITAL DEVELOPMENT CORP Origination Interest Rate Lifetime Cap Rate Origination Lender Type Mortgage company First Rate Change Date Change Index Type Financing Maturity Date IO Period Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step Rate Rider Prepayment Penalty Term Additional Borrowers Adj Rate Rider Adj Rate Index Vesting Mortgage Transaction ID 14 Recorder Doc Number 2013000712071 Recorder Book/Page Mortgage Date 12/09/2013 Document Type Mortgage Rate ChangeFreq Loan Amount $532,875 DocumentDescription Commercial Loan 1st PeriodicFloor Rate Loan Type Commercial Loan Recording Date 12/30/2013 1st Periodic Cap Rate Origination Lender Name CITY NATIONAL BANK Origination Interest Rate Lifetime Cap Rate Origination Lender Type Bank First Rate Change Date Change Index Type Financing Maturity Date IO Period Page 8 Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step RateRider PrepaymentPenalty Term AdditionalBorrowers Adj Rate Rider Adj Rate Index Vesting Mortgage Transaction ID 15 Recorder Doc Number 2013000712069 Recorder Book/Page Mortgage Date Document Type Mortgage Rate Change Freq Loan Amount $1,385,475 Document Description Commercial Loan 1st Periodic Floor Rate Loan Type Commercial Loan Recording Date 12/30/2013 1st Periodic Cap Rate OriginationLender Name CITY NATIONAL BANK OriginationInterest Rate Lifetime CapRate OriginationLender Type Bank First RateChange Date Change Index Type Financing Maturity Date IO Period Borrower 1 HIG CDM LLC Balloon Rider Prepayment Penalty Rider Borrower 2 Fixed/Step RateRider PrepaymentPenalty Term AdditionalBorrowers Adj Rate Rider Adj Rate Index Vesting Transfer Transaction ID 16 Recorder Doc Number 2013000712068 Partial Interest Transferred Sale Date 12/18/2013 Document Type Deed Type of Transaction Non Residential Transfer Sale Price Document Description Grant Deed Multiple APNs on Deed Recorder Book/Page Recording Date 12/30/2013 Property Use Buyer 1 HIG CDM LLC Buyer 1 Entity Company or Corporation Buyer Vesting Buyer 2 Buyer 2 Entity Buyer MailingAddress 8001 IRVINE CENTER DRSTE 100, IRVINE, CA 92618-2952 Seller 1 JACKSON, JAMES R Seller 1 Entity Trustee or Conservator Seller Mailing Address Seller 2 JACKSON, RAY N Seller 2 Entity Trustee or Conservator Legal City/Muni/ Township NEWPORT BEACH Legal Recorder'sMap Ref MP14 PG40&41 LegalSubdivision Legal Section/Twn/ Rng/ Mer Legal Brief Description/ Unit/ Phase/ Tract / / / 323 Title Company Name FIDELITY NATIONAL TITLE Transfer Transaction ID 17 Recorder DocNumber 2008000562159 Partial InterestTransferred Transfer Date 09/10/2008 Document Type Deed Type ofTransaction Non Arms-Length Transfer Sale Price DocumentDescription Intra-family Transfer orDissolution Multiple APNs onDeed 2 Recorder Book/Page Recording Date 12/05/2008 Property Use Buyer 1 JACKSON, JAMES R Buyer 1 Entity Husband and Wife Buyer Vesting Community Property (Marital Community) Buyer 2 JACKSON, RAY N Buyer 2 Entity Husband and Wife Buyer MailingAddress 1897 SAN GABRIEL ST, SAN BERNARDINO, CA 92404-4867 Seller 1 JACKSON, RAY NAOMI Seller 1 Entity Married Woman Seller Mailing Address Seller 2 ESTATE OF ISABEL WMILLER Seller 2 Entity Deceased Legal City/Muni/ Township Page 9 Legal Recorder's Map Ref MP14 PG40&41 Legal Subdivision Legal Section/ Twn/ Rng/ Mer Legal Brief Description/ Unit/ Phase/Tract / / / 323 Title CompanyName ACCOMMODATION Transfer Transaction ID 18 Recorder Doc Number 2008000562158 Partial Interest Transferred Transfer Date 09/10/2008 Document Type Deed Type of Transaction Non Arms-Length Transfer Sale Price DocumentDescription Intra-family Transfer orDissolution Multiple APNs onDeed 2 RecorderBook/Page Recording Date 12/05/2008 Property Use Buyer 1 JACKSON, JAMES R Buyer 1 Entity Trustee or Conservator Buyer Vesting Living Trust Buyer 2 JACKSON, RAY N Buyer 2 Entity Trustee or Conservator Buyer Mailing Address 1897 SAN GABRIEL ST, SAN BERNARDINO, CA92404-4867 Seller 1 JACKSON, JAMES R Seller 1 Entity Husband and Wife Seller MailingAddress Seller 2 JACKSON, RAY N Seller 2 Entity Husband and Wife Legal City/ Muni/ Township CORONA DEL MAR Legal Recorder's Map Ref MP14 PG40&41 Legal Subdivision Legal Section/ Twn/ Rng/ Mer Legal Brief Description/ Unit/ Phase/ Tract / / / 323 Title Company Name ACCOMMODATION Transfer Transaction ID 19 Recorder Doc Number 20020137402 Partial Interest Transferred Transfer Date 01/11/2002 Document Type Deed Type of Transaction Non Arms-Length Transfer Sale Price Document Description Intra-family Transfer or Dissolution Multiple APNs on Deed 2 Recorder Book/Page Recording Date 02/19/2002 Property Use Buyer 1 REDING, MARY M Buyer 1 Entity Trustee or Conservator Buyer Vesting Family Trust Buyer 2 MARY M REDING FAMILYTRUST Buyer 2 Entity Family Trust Buyer MailingAddress 1897 SAN GABRIEL ST, SAN BERNARDINO, CA 92404-4867 Seller 1 REDING, MARY M Seller 1 Entity Seller Mailing Address 1897 SAN GABRIEL ST, SAN BERNARDINO, CA92404-4867 Seller 2 Seller 2 Entity Legal City/Muni/ Township CORONA DEL MAR Legal Recorder's Map Ref MP14 PG40&41 Legal Subdivision CORONA DEL MAR Legal Section/ Twn/ Rng/ Mer Legal Brief Description/ Unit/ Phase/ Tract / / / 323 Title Company Name Page 10 Subject Property Location Report Date: 02/14/2023 Property Address 3500 E COAST HWY Order ID: 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