Rubicon recently funded a $5,800,000 Refinance and Cash-out to pay off existing debt in Oakland, California.  The loan is secured by a first position deed of trust on a 99-room hotel with over 28,000 square feet of rentable building area.  LTV For this loan was under 60%, and the term was 1 year.  The borrower has a strong balance sheet and the hotel is being managed by a seasoned operator. 

Loan Amount: $5,800,000

Loan Term: 12 Months

LTV: 60%

Loan Position: 1^st Deed of Trust

Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.