$650,000 Construction loan in Rocklin, CA

Rubicon added funds to its
original acquisition loan by contributing another $650,000 for the additional
tenant improvements. The tenant improvements were over $1,200,000. All of the
funds by both the borrower and Rubicon were put into escrow upfront and will be
distributed with the guidance of a third-party construction control team.
Loan Amount: $650,000
Loan Term: 12 months
LTV: 60%
Loan Position: 1st Deed of Trust