| Submission Form |
| Fred P. Ornelas |
| Regional Manager |
| Cell 310-874-8184 |
| Office 949-305-3720 |
| FOrnelas@axosbank.com |
| 1) Subject property address | 2222-32 E Anaheim St and 1139 Raymond Ave, Long Beach, CA 90804 (one parcel) |
| Date | 22 September 2026 |
| 2) Number of conforming units | 13 (8 residential + 5 commercial) |
| Year built | 1960 |
| Type of investment property | Mixed-use: 8-unit apartment building and 5 storefronts on one corner parcel |
| 3) Refinance (complete the information below if the transaction is a refinance) | |
| Loan amount requested | 1,428,572 |
| Existing 1st TD balance | 1,428,572 |
| Existing lender | Axos Bank, loan 900027954 (matures 1 Oct 2026) |
| Discount of existing Note? | No |
| Existing 2nd TD balance | 0 |
| Existing lender | |
| Discount of existing Note? | |
| Last sale price |
| N/A — refinance | 0 |
| Last sale date | Owned since the 1970s |
| Was it bank owned ? | No |
| Estimated market value | 3,200,000 |
| Purpose of loan (please be specific - you may attach a Source and Use Statement) | |
| Refinance of the existing Axos first trust deed maturing 1 October 2026; no cash out. |
| 4) Purchase (complete the information below if the transaction is a purchase) | |
| ***IMPORTANT*** CLOSE OF ESCROW DATE | |
| List price |
| Is the property bank owned or a distressed sale? | N/A — refinance, not a purchase |
| Purchase price |
| Is the seller giving any credits? If yes, how much? | N/A |
| Cash down payment |
| Secondary financing |
| Interest Rate - 2nd TD |
| Loan term |
| Interest only |
| Loan amount requested |
| N/A |
| Special instructions (e.g. 1031 exchange, source of down payment, etc…) | |
| Refinance of the existing Axos loan 900027954 (matures 1 Oct 2026). Not a purchase — Section 4 does not apply. No 1031 exchange; no secondary financing. |
| 5) Unit Mix - Number of Unit Type |
| SRO units | 0 |
| Bath |
| Est. Sq. Ft. |
| Number of vacant units? | 2 storefronts (2226, 2230); apartments fully let since 1 Aug 2026 |
| Number of units on notice? | 0 |
| Bachelor units | 0 |
| Bath |
| Est. Sq. Ft. |
| Rent Concessions/Move in Specials? | None |
| Studios (full kitchens) | 0 |
| Bath |
| Est. Sq. Ft. |
| 1-bedroom units | 1 |
| Bath | 1 |
| Est. Sq. Ft. | 500 |
| Critical key points to the transaction (strengths, weaknesses, mitigating factors) | |
| 2-bedroom units | 7 |
| Bath | 1 |
| Est. Sq. Ft. | 650 |
| Strengths: family-owned since the 1970s; all 8 apartments and 3 of 5 storefronts let; no other debt on the property; professional management (REMS).
Weakness: two storefronts vacant; the existing Axos loan matures 1 Oct 2026.
Mitigants: the vacant storefronts are currently being marketed and shown, and due diligence is under way on a prospective tenant for the larger space; long tenant history; 2025 NOI $146,940 on the REMS statements. |
| 3-bedroom units | 0 |
| Bath |
| Est. Sq. Ft. |
| 4-bedroom units | 0 |
| Bath |
| Est. Sq. Ft. |
| Single Family units (houses) |
| Mobile Home Park Spaces |
| Commercial units (Net Square Footage) |
| 5 storefronts, 8,225 sq ft (1,150 + 1,150 + 1,125 + 2,300 + 2,500); 3 let, 2 vacant |
| See attached |
| 6) Loan program type requested | Option 4 — SOFR 30 ARM (Axos soft quote 3 Sep 2026: start rate 6.39%, 30-year amortization / 25 for commercial, 10-year term) |
| Adjustable (mini-perm) |
| 3 Year Fixed Hybrid MH300 |
| 5 Year Fixed Hybrid MH500 |
| Bridge |
| Stretch Bridge |
| 7) Mortgage broker rebate and upfront fees | Broker upfront fees (demand in escrow) |
| Broker rebate (paid on the back-end) | 0 |
| 8) Borrower information (The accuracy of the information is extremely important) | |
| Borrower or borrowing entity | Reinstein Enterprises, a California Limited Partnership |
| Name of individual guarantor(s)/signer(s) | Fred M. Reinstein and Patricia A. Reinstein |
| Borrower's net worth | 11,602,652 |
| Credit (foreclosure, bankruptcy, etc...) | Good — no foreclosure or bankruptcy; a civil judgment against an entity interest (FARR Laboratories LLC) is under appeal |
| If average or poor, include a detailed letter of explanation |
| Borrower's liquid assets (incl. retirement) | 1,802,710 |
| Post-closing liquidity (if purchase)? | 0 |
| Borrower's Occupation | Real estate investor; General Partner, Reinstein Enterprises LP |
| Years employed in this line of work? | 50+ |
| Annual income with real estate | 236,297 |
| Annual income WITHOUT real estate | 115,850 |
| Number of investment properties owned | 4 (Long Beach, Arizona, Arkansas, Benedict residence) |
| Number of total units owned | 14 rental units (13 Long Beach + 1 Arizona) + 3 commercial tenants in Arkansas |
| Value of all real estate owned | 12,592,800 |
| Debt on all real estate owned | 3,437,636 |
| Any investment properties with negative cashflow? | Long Beach: the Axos payment exceeds net rent until the two storefronts are let |
| Any negative global cash flow concerns? | No — living expenses are met from investment income, distributions and family resources (see PFS Section 2) |
| Borrower's mailing address | 1409 Benedict Canyon Drive, Beverly Hills, CA 90210 |
| 9) Pertinent items needed to process LETTER OF INTEREST (The accuracy of all information in RED is extremely important) | |
| ● Rent Roll (tenant name, rent, bedrooms/bathrooms, indicate subsidy/low income housing units, square footage, move-in date and vacant units. MHP's - indicate double vs single wide). |
| ● Last 2 Years and Year to Date Income and Operating Expense Statements |
| ● Fully Executed Purchase Contract (if purchase transaction). |
| ● Schedule of Real Estate Owned (optional) |
| ● Lease Summary (commercial units only) |
| ● Letter of Explanation for average or poor credit (IMPORTANT: If the borrower had a bankruptcy in the past, please include the Discharge Date) |
| IMPORTANT NOTE: Once the loan is officially in process (receipt of signed Letter of Interest and deposit), Axos Bank will require a full loan package on the borrowing entity and any individual(s) owing 25% or more of the entity or property. Axos will also package any individual that is required and/or authorized to borrower on behalf of the borrowing entity (e.g. LLC Managing Member). |
| Contact Person/Broker | Fred M. Reinstein (direct, no broker) |
| Telephone | 310-500-7939 |
| Company Name | |
| Fax Number | |
| Broker's Email Address | |
| Referred by | Fred P. Ornelas, Axos Regional Manager |
| Company Address | |