- Rubicon helped our borrower to pay off their existing lender and take additional cash-out to put back into their business.
- Exit strategy will be to refinance with a conventional lender once their business operations are stabilized.
- Rubicon’s loan helped the borrower to get back on their feet as the economy reopens and their revenues continue to normalize.
- Loan Term: 24 Months
- Loan Position: 1st Deed of Trust on both properties
- Combined LTV: 60%
