$1,320,000 Loan for Acquisition in Trinidad, CA
Rubicon recently funded the acquisition of a 10-room boutique motel located in Trinidad. The loan includes approximately 4.5 acres of land and the long-term plan for the space is for the borrower to renovate the units. Stabilize cash flow, and eventually refinance.
Loan Amount: $1,320,000
Loan Term: 2 Years
Loan Position: First Position Deed of Trust