$3,025,000 Cash-Out Rocklin, CA
This borrower’s business had some financial hurdles in the past few years but business is now booming! He needed some capital to put back into his business and equipment but was unable to secure a bank loan. Timing was of the essence as he was trying to keep up with current demand. Rubicon provided a quick refi/cash-out loan giving him the money he needed to continue to build his business and balance sheet. Borrower intends on doing a seller lease back and staying in the building.
Loan Amount: $3,000,000
Loan Term: 6 Months
LTV: Under 60%
Loan Position: First Deed of Trust
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