Rubicon Mortgage Fund recently facilitated a cash-out refinance loan on a commercial industrial building in San Diego, CA. The purpose of the loan was to refinance existing debt and provide additional capital for business purposes. This strategic financing solution was crucial for the borrower, who utilizes the building for storing Party City inventory while simultaneously owning and operating multiple Party City stores.

Amidst pandemic-related supply chain disruptions impacting the borrower’s business, securing traditional financing from banks proved challenging due to existing debt obligations. Recognizing the unique circumstances, Rubicon Mortgage Fund stepped in as a crucial resource, particularly given the borrower’s established relationship with a bank partner. We understand the complexities of a cash-out refinance loan and are committed to delivering tailored solutions that meet our clients’ objectives.

Our involvement in this transaction was focused exclusively on the real estate aspect, allowing the borrower’s bank to maintain its banking and deposits relationship. Leveraging our expertise in commercial real estate financing, we successfully facilitated the cash-out refinance loan component of the deal, while preserving existing banking ties.

Loan Amount: $1,900,000

Loan Term: 12 Months

LTV: 50%

Loan Position: First Position Deed of Trust