Property Improvement in Santa Cruz

Rubicon funded a $3.1 Million loan to a borrower/owner of a close to 21,000 Square Foot Multi-Tenant building on a leafy downtown street in Santa Cruz. Loan is intended for property improvements on this 34-unit Office Building that also houses a Top-10 Reviewed Italian Restaurant on Yelp. Rubicon's loan to value is 63%, loan term is 2 years and RMF holds the First Deed of Trust.

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