Borrower with successful  history in car wash investments came to Rubicon for a loan of $400K for a zoned for commercial development, corner-lot land purchase in Fairfield, CA. High frontage and visibility of this .86 acre property combined with a traffic light at the intersection is a big bonus to the accessibility of this property. Borrower intends to develop lot into a car wash. Rubicon funded loan using the borrowers other car wash station as cross collateral making this a combined loan to value of 50%.

Loan Amount: $400,000

Loan Term: 24 Months

CLTV: 50%