Rubicon recently financed a 1031 Exchange to complete the purchase of this duplex property located in Antioch. In a traditional 1031 Exchange such as this one, the initial property must be sold before the replacement property is purchased. This purchased duplex is non-owner-occupied and will be kept as an investment property. 

Loan Amount: $290,000

Loan term: 1 Year

LTC: 57%

Loan Position: First Position Deed of Trust