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November 29, 2022

$650,000 Construction Loan in Rocklin, CA

Rubicon added funds to its original acquisition loan by contributing another $650,000 for the additional tenant improvements. The tenant improvements were over $1,200,000. All of the funds by both the borrower and Rubicon were put into escrow upfront and will be distributed with the guidance of a third-party construction control team.

LTV: 60%

Loan Position: 1st Deed of Trust

Previous deal $4,652,800 1031 Exchange in Stockton, CA Next deal $400,000 Acquisition in Walnut Creek, CA
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Rubicon Mortgage Fund, LLC is California's premier direct private money lender for commercial real estate. In-house underwriting. No appraisals. Initial response typically within 24 hours.

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