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April 7, 2021

ACQUISITION LOAN IN OAKLAND, CALIFORNIA

We provided an acquisition loan to buy a 3,920 square foot industrial warehouse in Oakland, CA. We included a non-owner occupied home as additional collateral in Manteca, California.

Loan amount: $650,000

Loan Position: First Deed of Trust on both properties

CLTV: 58%

 

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