Commercial Buildings Purchased in Berkeley
Rubicon funded a $1.7M loan for a business investment purchase in Berkeley. The properties consist of a total of 4 buildings on 2 lots. Three of the buildings are located on one street and the 4th building is owned by borrower (with no debt) and used as cross collateral for the loan. The combined loan-to-value is 60%. Rubicon holds the 1st Deed of Trust on all for the 1 year loan.