$1,320,000 Loan for Acquisition in Trinidad, CA

Rubicon recently funded the acquisition of a 10-room boutique motel located in Trinidad.  The loan includes approximately 4.5 acres of land and the long-term plan for the space is for the borrower to renovate the units. Stabilize cash flow, and eventually refinance. 

Loan Amount: $1,320,000

Loan Term: 2 Years

LTC: 65%

Loan Position: First Position Deed of Trust