Turlock, CA

$520,000

Commercial Land

Purchase

01/17/2018
Transaction by
Rubicon Mortgage Fund, LLC
A repeat borrower for Rubicon needed a $520K loan to purchase a 1.25 acre commercial lot in Turlock, California. Using cross-collateral that included a 100-Room Hotel in Madera and an 8,500 Square Foot Luxury Home in Pleasanton, Rubicon provided the funds for a 1-year term. Loan has a combined LTV of under 60%.