$1,000,000 Loan in Palo Alto, CA
Rubicon recently funded a $1,000,000 loan secured by a 17-unit boutique hotel located in Palo Alto, CA. Due to Covid, 2020 and 2021 cashflow was down and the small business owner wasn’t able to extend their conventional loan. Rubicon’s loan not only paid off the debt, but also provided a two-year interest reserve, and working capital for property improvements.
Loan Amount: $1,000,000
Loan Term: 24 Months
Loan Position: 1st Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.