Hard Money Loan for Mixed-Use Property in San Francisco

Rubicon Mortgage Fund recently funded a $370,000 hard money short-term loan secured by a mixed-use property in the Bayview District of San Francisco. The purpose of this loan was to refinance another loan that was coming due. The property has 3 apartments and one retail space on the ground floor. Rubicon’s loan is in 1st position. The loan term is 3 years, interest only.