$3,750,000 Construction Loan on a Swim and Tennis Club located in Orinda, California
Many of the buildings on the property will be demolished to make space for the new proposed renovations of the club. Being a non-profit organization, it was more difficult for the owner to secure conventional financing, making Rubicon an asset to complete the project. Rubicon provided a one-year loan on the property at 60% LTV and secured in first position deed of trust.
- 1 Year Term
- 1st Deed of Trust on property
- 60% LTV