$6,600,000 Refinance in San Francisco, CA

This well-located San Francisco property is 29,369± square feet with over 40 underground parking stalls, and has been owned by the borrower for almost 20 years. Walgreens is the main tenant and a local gym (one of 8 locations) occupies the remaining space.  With Walgreens having only 14 months remaining on its lease, and without a signed extension from Walgreens, conventional lenders are not interested in extending credit. Because Rubicon is a direct private lender, it has flexibility to make this loan. 

Loan Amount: $6,600,000
Loan Term: 18 Months

LTV: 60%

Loan Position: 1^st Deed of Trust