Loan Amount: $650,000

Loan Term: 24 Months

LTV: 55%

Loan Position: First Position Deed of Trust

Rubicon Mortgage Fund Provides $650,000 Cash-Out Refinance for Popular Pleasant Hill Taco Shop

Pleasant Hill, CA – Rubicon Mortgage Fund, a leading direct lender specializing in short-term commercial real estate loans, is pleased to announce the successful funding of a $650,000 cash-out refinance loan for a popular taco shop in Pleasant Hill, California.

A Strategic Refinance

The experienced restaurant operator, who also owns another successful location in San Francisco, utilized the cash-out refinance to achieve several strategic goals. The funds will be used to pay off a construction loan incurred for significant tenant improvements, including a brand-new, high-end kitchen and an expanded floor area. Additionally, the refinance will help lower the monthly payments on the property, freeing up valuable cash flow for the business.

A Prime Location

The taco shop is situated on a prominent, high-traffic road in Pleasant Hill, ensuring excellent visibility and easy accessibility for customers. The restaurant has cultivated a dedicated following and is a beloved local spot known for its delicious food and vibrant atmosphere.

A Smooth and Efficient Closing

Rubicon Mortgage Fund’s streamlined lending process and experienced team enabled a smooth and efficient closing of the transaction.

Supporting Local Businesses

“We are proud to support local businesses and help them achieve their growth goals,” said Tait Wessel (Senior Loan Officer) at Rubicon Mortgage Fund. “This cash-out refinance will enable the borrower to continue investing in their business and provide an even better experience for their customers.”