Multi-family apartment building consisting of 5 units was acquired by the borrower for investment purposes. Rubicon supplied a $405,000 loan with a LTC of 62%. The building is over 4,000 square feet with 10 bedrooms and 5 baths. 1st Deed of Trust on a 1-year loan.

Loan Amount: $405,000

Loan Term: 12 Months

LTC: 62%

Loan Position: 1st Deed of Trust