$5,900,000 Refinance in Santa Clara
Rubicon bridged the gap with a short-term loan when the borrower wanted to take advantage of a new SBA rate. For this refinance in Santa Clara, the SBA was unable to refinance itself so Rubicon made a short-term bridge loan for the borrower to qualify in between SBA loans. Being an asset-based lender Rubicon
was able to lend against the building to make this transaction happen for the borrower. The building, totaling 23,295 sq. ft. of industrial-flex space, is fully leased.
Loan Amount: $5,900,000
Loan Term: 6 Months
LTV: 67%
Loan Position: 1st Deed of Trust
In addition to this refinance loan in Santa Clara, Rubicon funds many unique transactions. Visit our current loan portfolio page here to see other recently funded loans.
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