CASH OUT IN SAN FRANCISCO, CALIFORNIA

Rubicon provided a cash out loan for tenant improvements in San Francisco. Our client was working with a conventional lender, but due to Covid-19 and current regulatory restrictions, financing fell through. Fortunately Rubicon was able to get the transaction completed, and provide capital in a timely manner. This completes our 2nd loan with the borrower.

Loan Amount: $650,000

Loan Term: 16 month term

Loan Position: 1st Deed of Trust

Loan to Value: 54%