$2,200,000 Acquisition in Rocklin, CA

­Acquisition of 22,328 SQ FT office building located in Rocklin. The property is currently vacant which makes it difficult to acquire conventional financing. Borrower plans to complete renovations on the building including a downstairs fitness center / yoga studio and a we-work space on the second floor.  After constructions is complete and the spaces are leased, borrower will refinance with a conventional lender or sell the building to pay Rubicon off.

Borrower Quote:
“It was a pleasure working with Rubicon. Their team made the process simple and streamlined.” Y.P.

Loan Amount: $2,200,000

Loan Term: 12 Months

LTC: 60%

Loan Position: 1^st Deed of Trust