Short-Term Loan for Sacramento Office Building

Last week Rubicon Mortgage Fund provided a $160,000 private money loan for a 4,700 square foot office building in Sacramento, CA at 50% LTV (loan-to-value). Our 1st trust deed hard money loan was to assist the borrower, a foreign national from Canada, with fixing up her property before placing it on the market. The term for this private mortgage is 2 years.