$1,380,000 Acquisition Loan in Orangevale, CA
Acquisition loan to a repeat borrower in Sacramento, California. Borrower leveraged Rubicon to negotiate a lower purchase price in lieu of a quick close. The home is 6,560 sf situated on 5 acres. The intention is to lease the home once the Rubicon loan is paid off. Until then the property will be kept vacant.
Loan Amount: $1,380,000
Loan Term: 24 Months
Loan Position: 1st Deed of Trust