Existing Debt Refinance Pittsburg, CA

Over 22,000 square feet of mixed-use commercial buildings were at the center of this $910,000 loan funded by Rubicon. Located in Old Town Pittsburg, near waterfront, 2 commercial buildings required over $900,000 to refinance the existing debt as part of a divorce settlement. With a loan to value under 60%, Rubicon holds 1st Deeds of Trust on both properties for 2 years.

Loan Amount: $900,000

Loan Term: 24 Months

LTV: under 60%

Loan Position: 1st Deeds of Trust on two properties