$800,000 Acquisition Loan in Sacramento

Rubicon funded $800,000 towards the acquisition of this gas station in Sacramento for a repeat borrower.  Property is a gas station which is triple net leased to a strong credit tenant. The manager of this gas station has over 300 locations and is a seasoned operator. There were some contamination issues on site, but due to the strong nature of the tenant, Rubicon closed on time for the borrower to complete the purchase.  

Loan Amount: $800,000

Loan Term: 24 Months

LTC/LTV: 57%

Loan Position: 1^st Deed of Trust