$2,125,000 loan in Sacramento, CA

Rubicon was approached by a client looking for financing to purchase three undeveloped parcels of commercial land in Sacramento, CA.  In addition to the complexity of a land loan, this client needed to close within one month. Rubicon provided the funds to purchase the parcels of land which total just over 3.5 acres. Ultimately, the buyer intends to build a Hilton flagged hotel using conventional financing to pay off this existing note. 

Loan Amount: $2,125,000

LTC: 50%

Loan Term: 12 Months