$900,000 LOAN IN SAN JOSE, CALIFORNIA
Financing from Rubicon allowed the client to acquire these two buildings for business and investment purposes.
There was a hard deadline for the purchase and the borrower was unable to acquire conventional financing, Rubicon stepped in and was able to close prior to the deadline.
Borrower plans to occupy one of the buildings as an owner-user.
Loan Term: 2 Years
Loan Position: 1st Deed of Trust
Combined LTC: 60%