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

Property Image
FINANCED
$1,000,000

California

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Retail10,200 SF
Financed 05/01/2024
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Property Image
FINANCED

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

51 North Main Street

See Similar Deals
Retail10,200 SF
Financed 05/01/2024
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$98
Total Square Footage:10,200 SF
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Cesar Peña DATE: 05/01/2024 ADDRESS: 51 North Main Street MARKET: Angels Camp ASSET TYPE: Retail ~ SF: 10,200 LENDER: Cesar Peña (@CesarPena_23) - Rubicon Mortgage Fund (@RubiconMortgagaeFund) LANDLORD: Roadrunner Properties LOAN AMOUNT: $1,000,000 LOAN TYPE: Refinance LOAN TERMS: 1 Year

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,000,000.00

Monthly NOI$6,666.67
Monthly Debt Service$6,320.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00