Rubicon Mortgage Fund, LLC recently closed a $1,500,000 acquisition loan for a local small business in San Francisco. The property is an industrial warehouse that is owner occupied, with a portion leased to a nonprofit organization. What makes this transaction unique is the combination of speed, community impact, and the entrepreneurial vision behind it.
The Story Behind the Commercial Owner Occupied Loan
For years, the borrower had been renting the building from the seller and operating their business there. When the seller decided to sell, there were already multiple higher offers on the table. However, the seller wanted to prioritize the existing tenants who had built their business in the space. The seller offered them a deal: if they could close in less than 30 days, the building would be theirs, even at a slightly lower price than competing offers.
Timing was everything. An SBA lender had already been working on the funding, but the timeline was too short for an SBA loan to close. The SBA lender reached out to Rubicon Mortgage Fund’s loan officer to see if we could make this deal happen. Our team stepped in and closed the loan in under 30 days, ensuring the buyers secured the property.
Borrower Testimonial
When asked about their experience with Rubicon Mortgage Fund, LLC, the borrower shared:
“Thank you for your quick swift work and guiding me through this first-time process. It is a new outlet and world of discovery through this process, and we look to grow, so that this will be one common knowledge as we look to build with dreams of acquiring more opportunities like this. I am faithful that the path that we have been growing on will lead to future opportunities with Rubicon and all who helped us through this first time leading the blind. Thank you and your team so much. Nothing beats the first experience.”
This testimonial reflects the trust and guidance Rubicon provides, especially for first-time borrowers navigating the complexities of commercial r
