Rubicon recently financed a 1031 Exchange to complete the purchase of this duplex property located in Antioch. In a traditional 1031 Exchange such as this one, the initial property must be sold before the replacement property is purchased. This purchased duplex is non-owner-occupied and will be kept as an investment property.
Loan Amount: $290,000
Loan term: 1 Year
Loan Position: First Position Deed of Trust