$936,000 Multi-Family Acquisition in Garden Grove, CA

Rubicon recently funded a Multi-Family Acquisition in Garden Grove, California. This loan is secured by a 6-Unit Multifamily building located next to Disney. Due to under market rents, traditional financing was difficult to obtain. Rubicon was able to step in, provide competitive terms and deliver on certainty of execution. Our borrower’s exit strategy is to rehab all units and lease up at market rate. From start to finish, this loan funded within three weeks. 

Loan Amount: $936,000
Loan Term: 18 Months
LTC: 65%
Loan Position: First Position Deed of Trust

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