$6,600,000 Refinance in San Francisco, CA
Quote from borrower:
“The team at Rubicon was great to work with and did
exactly what they said they’d do.”
This well-located San Francisco property is 29,369± square feet with over 40 underground parking stalls, and has been owned by the borrower for almost 20 years. Walgreens is the main tenant and a local gym (one of 8 locations) occupies the remaining space. With Walgreens having only 14 months remaining on its lease, and without a signed extension from Walgreens, conventional lenders are not interested in extending credit. Because Rubicon is a direct private lender, it has flexibility to make this loan.
Loan Amount: $6,600,000
Loan Term: 18 Months
LTV: 60%
Loan Position: 1st Deed of Trust
