Oakland, CA

$1,500,000

Industrial

Purchase

08/01/2017
Transaction by
Rubicon Mortgage Fund, LLC
A very narrow window of time was all borrowers had to secure the acquisition of a commercial building in Oakland. This Industrial Condo has approximately 12,000 square feet and Rubicon provided the $1.5M bridge loan. The borrower put down 35% cash, so the LTV was 65%. The loan term 1 year term for this 1st Deed of Trust loan.