Business Acquisition In Lodi, California
The borrower came to Rubicon after struggling to find conventional financing. Buyer was in a pinch and needed to close quickly, and Rubicon was able to execute when other lenders fell short. As an asset-based lender, Rubicon is often able to Fimd Borrower also had the opportunity to take additional cash out for tenant improvements.
Loan Amount: $400,000
LTC: 60%
With Rubicon’s help, the borrower was able to take cash out of an existing property to purchase this commercial office space in Oakland. A short 1 year term worked perfect for the borrower, and the loan to cost was only 60%.
Rubicon funded a $315,000 loan for the borrower’s business purchase of a 14-space mobile home park. The loan term is 12 months and the LTC is 60%.
Loan Amount: $315,000
Loan Term: 12 Months
LTC: 60%
Owner of a Light Manufacturing Industrial Facility in Milpitas needed a $350,000 refinance loan to payoff existing debt. The Loan to Value on this 8,100 square foot, single story building is 30%. Loan term is for 24 months.
Loan Amount: $350,000
Loan Term: 24 Months
LTV: 30%
A long-term tenant along with two other investors will grow their mechanics business along with the newly acquired gas station and convenience store (with great cash flow) all located on one lot. Borrower needed $1.7M to complete purchase of this commercial retail property. Using two free-and-clear single family residences in Chowchilla and Ceres as cross collateral, Rubicon funded the loan for 12 months. The combined loan to value is 50% and RMF has 1st Deed of Trusts.
A service station with convenience store had existing debt that borrower wished to refinance. RMF gave a $465K loan for a term of 2 years. With a Loan to Value of less than 40%, the property more than meets Rubicon’s valuation requirements.
A Mixed-Use property was the source for this $1,550,000 loan funded by Rubicon. Borrower saw great investment opportunity as the two buildings on lot can be retail, office and/or warehouse. This flexible space is located on highly trafficked Fremont Blvd., in the heart of Fremont, CA. Lot size is close to 37,000 Square Feet. One year loan at a loan to cost of 52%. Rubicon holds the 1st Deed of Trust.
Rubicon Mortgage Fund, LLC was able to fund a $660,000 loan for borrowers on a tight deadline. A Non-Owner Occupied Single Family Residence was acquired for Business Investment in this low inventory city. With a loan to cost of 60%, and a 2 year loan, Rubicon holds the 1st Deed of Trust.
A gorgeous Mediteranean Spanish-style Non-Owner Occupied home that has been completely rebuilt from the ground up was refinanced for business purposes by borrower. SFR has 5 bedrooms, 3 baths, pool and approximately 2,700 square feet. Rubicon funded a $1.125M loan for 1 year, with a 1st Deed of Trust and a Loan to Value of 59%.
Borrower was tenant in a commercial retail building for over 10 years. Owner of building wanted to sell structure and tenant had first right of refusal. Buyer came in and tenant matched the offer but needed Rubicon’s loan to complete transaction. RMF funded $1.575M for business acquisition and cross collateralized property with single family residence – all in San Jose. Loan position is 1st Deed of Trust, 6 months term and Loan to Value is 60%.
Loan Amount: $1,575,000
Loan Term: 6 Months
LTV: 60%
Loan Position: 1st Deed of Trust
Rubicon funded a $1.1M loan on a Single Family Residence in the leafy neighborhood of Hillsborough. Owners refinanced their 5 bedroom, 4.5 bath home that contains 5,300 square feet to secure a business opportunity. Borrowers were under pressure to get funds due to tight timelines. The transaction on this First Deed of Trust loan for 1 year was accomplished in time for the borrower’s business acquisition. Loan to Value is less than 30%.
With a lot size of close to 20,000 square feet, and a light industrial warehouse close to 9,000 square feet, borrower seized opportunity to acquire this property as an investment. Rubicon funded a $2M loan and holds the 1st Deed of Trust. Loan to cost was 65% and term is 18 months. Location of property is amazing and a stone’s throw from NASA Ames Research Center and a Microsoft building.