$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. Â
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Loan Amount:Â $800,000
Loan Term: 24 Months
LTC/LTV: 57%
Loan Position: 1st Deed of Trust
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