The acquisition was of a Chevron gas station which included both the business and the real estate pictured above.  The borrower was up against a tight deadline and Rubicon’s internal underwriting team worked diligently to close in time for the borrower. Rubicon specializes in funding loans where borrowers are up against a tight deadline.

Loan Amount: $3,475,000

Loan Term: 12 months

LTC: 50%

Loan Position: 1st Deed of Trust