Santa Cruz, CA

$3,100,000

Office

Refinance

01/23/2018
Transaction by
Rubicon Mortgage Fund, LLC
Rubicon funded a $3.1 Million loan to a borrower/owner of a 21,000 square foot multi-tenant commercial building on a leafy downtown street in Santa Cruz. The loan is intended for property improvements on this 34-unit Office Building that also houses a Top-10 Reviewed Italian Restaurant on Yelp. Rubicon's loan to value is 63%, loan term is 2 years and RMF holds the First Deed of Trust.