Industrial Acquisition in San Jose

Borrower required a $1.7M loan to complete the purchase of a well-located Industrial Building in San Jose, CA. With a loan to cost of 60%, Rubicon funded the loan on this 22,000 square foot building built in 1999. Lot Size is 1.42 acres and is zoned for R&D Facility, Laboratory, Research Facility, Cosmetics, Pharmaceutical and Office Space. Lot has plenty of parking and is only 8 minutes from San Jose airport. Term is 1 year and loan position is 1st Deed of Trust.