Acquisition of Retail and Industrial Property in Richmond, CA

Rubicon Mortgage Fund, LLC funded a $234,000 hard money short-term loan on a Retail/Industrial property located in Richmond, CA. The purpose of this loan was for Acquisition.  The two year loan term will give the client sufficient time to update the property. Rubicon’s loan to cost was 60%.  This was the client’s first experience with a hard money lender.

Loan Amount: $234,000

Loan Term: 24 Months

LTC: 60%

Loan Position: First Deed of Trust