Borrower had great opportunity to purchase a 37,750 square foot industrial building on 1.41 acres of land in Oakland so came to Rubicon to expedite deal. Rubicon funded a $3M loan using 2 additional properties as cross collateral: 1) a Duplex in Oakland and 2) a high-end Danville home. Combined loan to value is under 60% and term is 1 year.

 

Loan Amount: $3,000,000

Loan Term: 12 Months

CLTV: Under 60%