Acquisition loan to a repeat borrower in Sacramento, California. Borrower leveraged Rubicon to negotiate a lower purchase price in lieu of a quick close.  The home is 6,560 sf situated on 5 acres.  The intention is to lease the home once the Rubicon loan is paid off.  Until then the property will be kept vacant.

Loan Amount: $1,380,000

Loan Term: 24 Months

LTC: 60%

Loan Position: 1^st Deed of Trust