Rocklin, CA

$370,000

Commercial Condominium, Industrial

Purchase

12/14/2017
Transaction by
Rubicon Mortgage Fund, LLC
Rubicon Mortgage Fund funded a $370,000 bridge loan so the borrower could complete his investment acquisition. The flexible space can be used as office or industrial condo and is over 2,800 square feet which includes a Solar Electrical System which has zeroed out the electrical bill. Building has insulated roof deck, warehouse racking available, security system with camera, 2 restrooms and is 1/2 hour from the Sacramento International Airport. Rubicon's Loan to Cost was 65%, term was 1 year and Rubicon had a 1st lien position.