$1,700,000 Refinance in Santa Clara, CA

Funded by Rubicon Mortgage Fund, LLC

Santa Clara, CA

$1,700,000

Mixed-Use

Refinance

06/08/2021
Transaction by
Rubicon Mortgage Fund, LLC
The client was having a difficult time qualifying for conventional financing due to poor cash flow. Timing was of the essence as their current loan was coming due. Rubicon stepped in and provided proper short-term refinancing which included a 12 month interest reserve. Loan enabled the borrower to stabilize this 10,080 SF Strip Center. Loan Term: 6 Months Loan Position: 1st Deed of Trust LTV: 55%