$750,000 for a refinance / cash out for business purposes
Borrower owns and operates several hotels throughout the San Francisco Bay Area and was looking for a refinance of the current lender and for working capital to put back into their business operations. Rubicon secured a first position deed of trust on the Four Seasons apartment, enabled the borrower to pay off their existing lender, and gave them the additional cash out to put back into their business.
- 6 month loan term
- 50% LTV.
Single unit at the 765 market street apartment building.