Acquisition Loan in Alameda, CA

Funded by Rubicon Mortgage Fund, LLC

Alameda, CA

$750,000

Mixed-Use

Purchase

01/12/2022
Transaction by
Rubicon Mortgage Fund, LLC
Rubicon provided the funds needed to secure this investment acquisition located in Alameda, CA. Our client was currently leasing the space and had the opportunity to purchase it. The acquisition of this four-unit 2,976 square foot mixed-use space includes two units above and two below. A 2-year loan term allows our borrower time needed to refinance with a conventional lender as a takeout strategy. Loan made in first position deed of trust at a 60% Loan-To-Cost. Rubicon remains a active lender in the commercial space and will consider loans anywhere in California.