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May 12, 2021

$260,000 Acquisition in Huntington Lake, CA

 

  • Borrower operates several other motels in rural areas and is a seasoned owner-operator.
  • Funding from Rubicon enabled borrower to acquire this 9-room motel.
  • Loan Term: 24 Months
  • Loan Position: 1st Deed of Trust
  • LTC: 50%
Previous deal $750,000 Acquisition in Fall River Mills, CA Next deal $485,000 Acquisition in Sacramento, CA
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