$6,000,000 Commercial Real Estate Loan in Oakland, CA
Loan Amount:Â $6,000,000
Loan Term:Â 12 Months
CLTV:Â Under 50%
Loan Position:Â First Position Deed of Trust
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$6 Million Commercial Real Estate Loan Funded for a Major Non-Profit in Northern California
Rubicon Mortgage Fund recently closed a $6 million commercial real estate loan for a leading non-profit organization in Northern California. Structured for consolidation purposes, this loan utilized a combined loan-to-value approach and featured a cross-collateralization strategy. By leveraging multiple properties, this innovative financing solution allowed the non-profit to access substantial capital while optimizing their real estate assets. The borrower plans to exit the loan through the sale of their Oakland headquarters, showcasing Rubicon’s expertise in creating flexible and tailored financing solutions for non-profit entities.
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Secured by Two Properties:
Primary Collateral: Industrial
35,000 SF industrial building
Approximately 3 acres of land
Additional Collateral: Mixed-use Property, San Mateo, CA
8,600 SF retail/industrial building
0.56 acres of land
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At Rubicon Mortgage Fund, we pride ourselves on looking beyond traditional lending parameters. This transaction exemplifies our innovative approach to commercial real estate loans, especially in the non-profit sector
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The image above is additional collateral located in San Mateo, California
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