$1,380,000 Acquisition Loan in Orangevale, CA
Acquisition loan to a repeat borrower in Sacramento, California. Borrower leveraged Rubicon to negotiate a lower purchase price in lieu of a quick close. The home is 6,560 sf situated on 5 acres. The intention is to lease the home once the Rubicon loan is paid off. Until then the property will be kept vacant.
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Loan Amount:Â $1,380,000
Loan Term: 24 Months
LTC: 60%
Loan Position: 1st Deed of Trust
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