$4,652,800 1031 Exchange in Stockton, CA

This loan was part of a 1031 Exchange for the purchase of a 38-unit, 38,000± square foot apartment building.  Our borrower needed to complete their 1031 Exchange to meet a deadline and Rubicon funded on time.  As an asset-based lender with an internal underwriting team, Rubicon can generally fund more quickly than a traditional bank, which is essential when borrowers are on a tight deadline to close.