$5,800,000 Loan in Oakland, CA
Rubicon recently funded a $5,800,000 Refinance and Cash-out to pay off existing debt in Oakland, California. The loan is secured by a first position deed of trust on a 99-room hotel with over 28,000 square feet of rentable building area. LTV For this loan was under 60%, and the term was 1 year. The borrower has a strong balance sheet and the hotel is being managed by a seasoned operator.
Loan Amount: $5,800,000
Loan Term: 12 Months
Loan Position: 1st Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.