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April 7, 2021

11-Unit Investment Purchase in Oakland, CA

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

Ready to fund your next deal?

Rubicon Mortgage Fund, LLC is California's premier direct private money lender for commercial real estate. In-house underwriting. No appraisals. Initial response typically within 24 hours.

(925) 283-8919