Existing Loan Refinance in Milpitas

Rubicon funded a $2.1M loan for borrower needing to refinance existing debt. With a Loan to Value of 65%, property in question is a Commercial Retail Space with over 15,000 square feet. Lot size is over 55K square feet. Rubicon holds 1st Deed of Trust on this 12 month loan.

Loan Amount: $2,100,000

Loan Term: 12 Months

LTV: 65%

Loan Position: 1st Deed of Trust