Rubicon Mortgage Fund financed a commercial hard money loan enabling the borrowers to purchase a retail industrial commercial building. Despite its current vacancy, the buyers recognize substantial investment opportunities within the property. The buyers envision transforming the building into a grocery store and bakery through renovations. The property’s strategic plan involves stabilizing its occupancy before pursuing a refinance with a bank, thereby solidifying the exit strategy.

Loan Amount: $575,000

Loan Term: 12 Months

LTC: 50%

Loan Position: First Position Deed of Trust