RVS Line Inc Acquires Multifamily In Sacramento With $4.95M Acquisition Loan | 2857 Grove Avenue | Rubicon Mortgage Fund | Spencer Moyer, Avenir Slivinskiy | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

40,000 sqft

The multifamily property located at 2857 Grove Avenue in Sacramento spans 40,000 square feet and comprises 60 units. The property was part of an acquisition deal with a loan amount of $4,950,000.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $4,950,000
Loan Type: Acquisition Loan
Loan Terms: Loan Term - 24 months, CLTV - 56%
Lender: Cesar Peña - Rubicon Mortgage Fund, LLC
Buyer: RVS Line Inc
Buyer's Rep: Avenir Slivinskiy - Prime Homes INC
Seller's Rep: Spencer Moyer and Isaac Merritt - Alive Commercial Real Estate

The acquisition loan for the property was facilitated by Cesar Peña from Rubicon Mortgage Fund, LLC. The buyer, RVS Line Inc, was represented by Avenir Slivinskiy of Prime Homes INC, while the seller was represented by Spencer Moyer and Isaac Merritt of Alive Commercial Real Estate.

Players

All
5

Agents
2
Agencies
2
Lenders
1

Alive Commercial Real Estate

Prime Homes

Rubicon Mortgage Fund

Details

Deal Summary

FINANCED

IMAGE: Cesar Peña DATE: 03/05/2024 ADDRESS: 2857 Grove Avenue MARKET: Sacramento ASSET TYPE: Multifamily ~ UNITS: 60 ~ SF: 40,000 LENDER: Cesar Peña (@CesarPena_23) - Rubicon Mortgage Fund, LLC (@RubiconMortgagaeFund) BUYER: RVS Line Inc BUYER'S REP REP: Avenir Slivinskiy (@Dirkaschel_2_3) - Prime Homes INC SELLER'S REP: Spencer Moyer (@SMoyer12) and Isaac Merritt - Alive Commercial Real Estate LOAN AMOUNT: $4,950,000 LOAN TYPE: Acquisition Loan LOAN TERMS: Loan Term: 24 months CLTV: 56%

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Address2857 Grove Avenue

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