Business Acquisition In Calistoga, Ca

Business Acquisition in Calistoga, CA. Borrower was referred to Rubicon through a local broker. The borrower was leasing a portion of the space to use for a business, and the opportunity came up for him to purchase the building. He intends to use the full space for his wine business and eventually refinance with a SBA 504 loan to pay Rubicon off. 

Loan Amount: $825,000

LTC: Under 65%

Loan Position: First Deed of Trust