$7,000,000 Loan in San Jose, California.
Rubicon enabled a borrower to complete their 1031 exchange and secure this acquisition by executing a 6 day close!
• The borrower was on a tight deadline and Rubicon’s back office worked diligently to complete funding as soon as possible.
•Loan was secured by 24 separate commercial units in two industrial buildings, totaling over 40,000 square feet of rentable space.
• Loan to cost was 56%.