Loan Amount: $950,000

Loan Term: 12 Months

LTC: 55%

Loan Position: First Position Deed of Trust

 

Rubicon Mortgage Fund Fuels Entrepreneurial Dream in Downtown San Rafael

Rubicon Mortgage Fund recently closed a transformative deal in San Rafael, showcasing our ability to support local entrepreneurs and revitalize prime real estate. This transaction highlights our unique approach to lending:

Prime Location: The property is situated in the heart of downtown San Rafael, offering excellent visibility and foot traffic for the new business.

Vacant to Vibrant: We funded the acquisition of a vacant art studio, recognizing its potential to become a thriving salon.
Empowering New Entrepreneurs: When traditional banks declined due to the borrower’s lack of salon experience, Rubicon stepped in to make her vision a reality.
Owner-Occupied Business: The once-vacant building will now house an owner-operated salon, contributing to the local economy and community vitality.
Flexible Lending Solutions: Our ability to see beyond conventional criteria allowed us to focus on the property’s potential and the borrower’s business plan.
Clear Exit Strategy: The borrower aims to refinance with a traditional bank loan once established, demonstrating a sound long-term approach.

This deal exemplifies Rubicon Mortgage Fund’s commitment to:

• Supporting first-time business owners
• Revitalizing vacant properties in prime locations
• Fostering economic growth in downtown areas
• Providing alternative financing when traditional lenders cannot

At Rubicon, we pride ourselves on recognizing promising opportunities and providing innovative financing solutions. Our support for this new salon owner in downtown San Rafael illustrates our dedication to fueling entrepreneurial spirit and local economic development.