$1,800,000 Commercial Real Estate Acquisition Loan San Francisco, CA
Rubicon Mortgage Fund recently financed the commercial real estate acquisition of a vacant Bank of America building located in the bustling Mission District of San Francisco. Situated in a prime location with convenient access and boasting over 30 parking spaces, the 6,400 square foot property holds immense potential.
Â
The vision for this vacant space extends beyond mere revitalization; it is slated to undergo transformation into a vibrant local ethnic grocery store, catering to the diverse community of the area. The seasoned buyer, backed by a track record of success with multiple neighborhood markets, recognizes the opportunity this commercial real estate acquisition presents. Adding this establishment to their portfolio marks a significant expansion and a strategic move to meet the demands of the market.
Â
The opportunity to finance this project aligns with Rubicon Mortgage Fund’s mission to support innovative ventures that contribute to the economic growth and vibrancy of local communities. By facilitating the transformation of underutilized properties into thriving businesses, the Fund plays a pivotal role in fostering sustainable development and revitalization initiatives.
Â
Notably, this transaction represents the second successful commercial real estate acquisition of a vacant Bank of America building by Rubicon Mortgage Fund within the span of just five months. This accomplishment underscores the fund’s commitment to identifying and capitalizing on unique investment opportunities in the commercial real estate sector.
Â
Furthermore, the acquisition of the vacant Bank of America building underscores the resilience and adaptability of commercial real estate markets, particularly in dynamic urban centers like San Francisco. Despite the challenges posed by vacancy and changing consumer preferences, strategic investments and forward-thinking redevelopment strategies can unlock significant value and drive positive outcomes for all stakeholders involved.
Â
In summary, Rubicon Mortgage Fund’s financing of the commercial real estate acquisition of the vacant Bank of America building signifies not only a strategic investment opportunity but also a testament to the fund’s expertise in identifying and executing on transformative real estate projects. As the Mission District prepares to welcome its newest addition—a local ethnic grocery store—the broader community stands to benefit from the revitalization and economic growth spurred by this endeavor.
Â
Loan Amount: $1,800,000
Loan Term:Â 12 Months
LTC:Â 60%
Loan Position: First Position Deed of Trust
To see more funded deals, click here!
To keep up with us, click here!