Rubicon secured financing for this 11-unit multi-family apartment building located in Oakland, California. The purpose of this loan was an acquisition for investment purposes. Borrower is a seasoned multi family broker/investor and plans to remodel all 11 units.

Loan Amount: $690,000

Loan Term: 1 Year

Loan to Cost: 60%

Loan Position: First Deed of Trust

Interest Reserve: 1 Year