SOLD ! Sierra Valley Lodge, Calpine, CA

Rubicon Mortgage Fund funded a $350,000 seller carry-back loan secured by the Sierra Valley Lodge and Motel located in Calpine, CA. The borrower is a seasoned operator who owns and operates restaurants and real estate investments in the San Francisco and East Bay.  Rubicon fully expects the lodge and motel to be up and running in the Summer of 2015. The purpose of the loan was to provide the borrower with the funding necessary to purchase and re-open the lodge and restaurant. This 1st deed of trust loan is structured as a six-year amortizing loan.

 

Loan Amount: $350,000

Loan Term: 6 Year Loan

Loan Position: 1st Deed of Trust