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51 North Main Street

Updated Dec 4, 2024

Cesar Peña Of Rubicon Mortgage Fund Provides $1M Refinance Loan On Angels Camp Retail
FINANCEDRetail

Cesar Peña Of Rubicon Mortgage Fund Provides $1M Refinance Loan On Angels Camp Retail

51 North Main Street

$1,000,000

$98/SF

Building Size

10,200 SF

Asset Type

Retail

Closing

May 1, 2024

About this deal

AI

The retail property located at 51 North Main Street in Angels Camp spans across 10,200 square feet. The property was part of a refinancing deal with a loan amount of $1,000,000 facilitated by Cesar Peña from Rubicon Mortgage Fund. Roadrunner Properties acted as the landlord in this transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,000,000
  • Address: 51 North Main Street
  • Market: Angels Camp
  • Lender: Cesar Peña - Rubicon Mortgage Fund
  • Landlord: Roadrunner Properties
  • Loan Type: Refinance
  • Loan Terms: 1 Year

Cesar Peña, from Rubicon Mortgage Fund, served as the lender in this refinancing deal for the retail property in Angels Camp. Roadrunner Properties, the landlord, was also a key player in this transaction.

Players

Rubicon Mortgage Fund
Rubicon Mortgage FundLender

Angels Camp Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Deal FAQ

About $98 per square foot on a published $1M for 10,200 square feet (2024).

Browse Angels Camp retail loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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