Fairfield, CA

$399,999

Commercial Land

Purchase

04/12/2018
Transaction by
Rubicon Mortgage Fund, LLC
Borrower with successful history in car wash investments came to Rubicon for a loan of $400K for a zoned for commercial development, corner-lot land purchase in Fairfield, CA. High frontage and visibility of this .86 acre property combined with a traffic light at the intersection is a big bonus to the accessibility of this property. Borrower intends to develop lot into a car wash. Rubicon funded loan using the borrowers other car wash station as cross collateral making this a combined loan to value of 50%. Term is for 2 years.