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October 30, 2023

$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

Ready to fund your next deal?

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.

(925) 283-8919