$4,200,000 Acquisition in Glendale, CA
Purchase of a 15,000 square foot multi-tenant industrial building in Glendale, CA
Rubicon recently funded the purchase of a 15,000± square foot multi-tenant industrial building in Glendale, CA. The buyer/borrower occupied much of this building for his automotive wholesale distribution business for the last 20+ years. Rubicon secured an additional four-unit multifamily property in Los Angeles that the borrower owned free and clear as additional collateral. Our diligent in-house underwriting team enabled Rubicon closed ahead of schedule.
“Hi Casey Thank you for all your coaching and support throughout the intricate
process of financing. Your dedication and perseverance made this happen.”
Quote from our Borrower
“Rubicon, thanks for the performance and for the RAPID funding”
Quote from referring Broker
Loan Amount: $4,200,000
Loan Term: 12 months
LTC/LTV: 60%
Loan Position: First deed of trust on both properties