Rubicon Funds Acquisition: Loan Amount $10,500,000
This recently funded $10,500,000.00 loan enabled the acquisition of a 8,046 square foot multi-tenant building in Berkeley. Rubicon Mortgage Fund cross collateralized a 22,300 square foot office building located in Downtown San Francisco, CA, and a spec home in Laguna Niguel, CA as assets for the multi-tenant property in Berkeley, CA.
Loan Term: 1 Year
Loan Position: 1st Deed of Trust on all properties
Combined LTV: 60%