$1,750,000 Acquisition in Stockton, CA

At Rubicon, we specialize in funding loans that do not fit into the standard model of traditional commercial lending. We recently funded the purchase of this gas station in Stockton, CA. which included the acquisition of both business and real estate. After struggling to get financing through conventional channels, the borrower was up against a tight deadline and needed to close within two weeks. Rubicon’s seamless loan process enabled him to do just that! The buyer intends to make some improvements to the building and business and will ultimately refinance Rubicon’s debt with a conventional lender.

 

Loan Amount: $1,140,000
Loan Term: 12 Months
LTC: 40%
Loan Position: First Deed of Trust