Commercial Building Refinance, Los Angeles California

Rubicon recently funded the refinance of a 29,971 square foot commercial property in Los Angeles, California. The property is well located in a highly trafficked area between Pasadena and Glendale. The exit strategy will be the sale of the property, as it is already in contract to close in the first quarter of 2021.

Loan Amount: $2,450,000
Loan Term: 12 Months
LTV: 60%
Loan Position: First Position