Ripon, CA

$1,700,000

Auto Repair, Gas Station

Purchase

05/09/2018
Transaction by
Rubicon Mortgage Fund, LLC
Private money bridge loan for the purchase of a service station in Ripon, San Joaquin County. A long-term tenant along with two other investors wanted to purchase the station to grow their mechanics business and operate the gas station and convenience store (with great cash flow) all located on one lot. We cross collateralized two free-and-clear single family residences in Chowchilla and Ceres. The loan term is 12 months. 50% combined loan-to-value, 1st trust deed.