PURCHASE IN MURPHYS
Borrower used a property in San Ramon as collateral to purchase a 199 acre property in Murphy’s, California. This loan was structured with a short term, as the borrower will bring in cash from another business venture to pay off Rubicon.
Loan Amount: $250,000
Loan Position: 1st Deed of Trust
Loan Term: 12 Months
CLTV: Less than 40%