The building are earlier occupied by the Financial of The usa for the majority of years

$step 1,900,000

Rubicon Home loan Funds, a primary individual money lender, financed a great $step one,900,000 first lien condition private money mortgage into purchase of a two-equipment residential property about Presidio Levels people out of San francisco, California. I funded 55% of one’s $1,975,000 purchase price, given that Borrower shared 45% during the closing. The newest downpayment for this exchange is actually shielded because of the leveraging a great rental assets once the security. The Debtor, an experienced Client having a track record of winning transactions totaling more than half dozen that have Rubicon, lead to an expedited closure procedure, completed within this just one month. In spite of the expeditious characteristics of close, a put-off when you look at the finalizing the order taken place, attributable to the new San francisco bay area State Recorder’s place of work. The state refused supplier records on the four circumstances more than a period out-of two days before the escrow manager effortlessly interested that have an excellent representative, assisting an intensive feedback and you will solution of one’s filed exchange and data. Read the rest of this entry »