Updated Dec 4, 2024
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
Angels Camp Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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