Rubicon Mortgage Fund Provides $11 Million Refinance Loan For Office Building In Pleasanton

This transaction involves a 106,000-square-foot office building located at Las Positas Blvd & 1305 Rollins Road, situated in the Pleasanton and Burlingame markets. The property is classified as Class B and is currently at 50% occupancy. The refinancing deal was secured for an amount of $11,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,000,000
• Loan Type: Refinance
• Loan Terms: 12 Months
• Lender: Casey Hopkins - Rubicon Mortgage Fund
• Broker: David Bruni - Slatt Capital
• Asset Square Footage: 106,000
• Property Address: Las Positas Blvd & 1305 Rollins Road
• Market: Pleasanton & Burlingame

Casey Hopkins from Rubicon Mortgage Fund facilitated the loan, showcasing the lender's capability to manage complex refinancing situations amid market challenges. The borrowers, two brothers with extensive real estate interests, were in a time-sensitive situation needing to address a $13 million obligation due on the property.