$950,000 Acquisition in Alameda, CA
Rubicon recently closed on a mixed-use commercial building for an owner-user in Alameda, CA. Our client was working with an SBA lender. The loan was pushed back a few weeks, which made it difficult on our client to close on the transaction. Our referring broker not only closed the loan with Rubicon, but he is now working on a takeout loan with the SBA lender. One year loan term.
Loan Amount: $950,000
Loan Term: 12 Months
Loan Position: 1st Deed of Trust on both propertie
