Acquisition in Shaver Lake, CA

Funded by Rubicon Mortgage Fund, LLC

Shaver Lake, CA

$450,000

Mixed-Use

Purchase

11/25/2021
Transaction by
Rubicon Mortgage Fund, LLC
Rubicon enabled one of our repeat clients finance the acquisition of this property located in Shaver Lake, California. This mixed-use property was vacant at the time of the loan – and vacancies generally lead to a difficult time acquiring conventional financing for borrowers. Luckily, Rubicon is an asset-based lender and only requires the physical property as collateral for the loan, which allowed our borrower to complete this purchase and secure their investment opportunity. Our borrower plans to spend some time renovating the property before finalizing leases with new tenants and refinancing through conventional channels to pay off the obligation to Rubicon. Loan Term: 12 Months Loan Position: 1st Deed of Trust LTV: 55%