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August 20, 2024

$6,000,000 Commercial Real Estate Loan in Oakland, CA

$6 Million Commercial Real Estate Loan Funded
for a Major Non-Profit in Northern California

6-Million-Commercial-Real-Estate-Loan-Funded-for-a-Major-Non-Profit-in-Northern-California-paid.jpeg

CLTV: Under 50%

Rubicon Mortgage Fund recently closed a $6 million commercial real estate loan for a leading non-profit organization in Northern California. Structured for consolidation purposes, this loan utilized a combined loan-to-value approach and featured a cross-collateralization strategy.

 

By leveraging multiple properties, this innovative financing solution allowed the non-profit to access substantial capital while optimizing their real estate assets. The borrower plans to exit the loan through the sale of their Oakland headquarters, showcasing Rubicon’s expertise in creating flexible and tailored financing solutions for non-profit entities.

 

Secured by Two Properties:

Primary Collateral: Industrial
35,000 SF industrial building
Approximately 3 acres of land
Additional Collateral: Mixed-use Property, San Mateo, CA
8,600 SF retail/industrial building
0.56 acres of land

 

At Rubicon Mortgage Fund, we pride ourselves on looking beyond traditional lending parameters. This transaction exemplifies our innovative approach to commercial real estate loans, especially in the non-profit sector

Rubicon Mortgage Fund cross collateral property vance hillstrom

The image above is additional collateral located in San Mateo, California

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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.

(925) 283-8919