Equity Cash-Out Loan for Two Retail Buildings in Northern California

Funded by Rubicon Mortgage Fund, LLC


Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date


Property Type
Property City

McKinleyville & Crescent City

Property State


Lien Type

1st Trust Deed

Payment Type

Interest Only



Location Type


Property Condition


Occupancy at Closing


Building Square Footage


Borrower's Plan

Continue Occupancy

Exit Strategy

Pay Down

Deal Highlights

Building Owners own more than 15 theatre locations.
Experienced Owner-Operators.

Deal Summary

Rubicon Mortgage Fund, a direct private money lender, funded a $1,000,000 1st lien position equity cash-out bridge loan secured by two commercial retail buildings located in McKinleyville and Crescent City, California. The Borrower is an experienced movie theater owner and operator. He needed to cash out equity on the 2 properties for working capital. The combined loan-to-value was 50%. The company owns over 15 movie theaters in Northern California. They plan to pay off our bridge loan using cash flow from the business over the next few years. The two properties total approximately 39,600± square feet of retail space and were in good condition. Both properties are located in small coastal towns. McKinleyville is in Humboldt County, just north of Eureka. Crescent City is farther north in Del Norte County, close to the Oregon border. The loan term was set at 3 years. This CRE equity cash-out loan was funded in September 2023.

Funded By

Rubicon Mortgage Fund, LLC

Northern California’s Premier Direct Lender | No Appraisal Required


Vance Hillstrom


CA DRE Broker Lic. 01908390