This loan was a 1031 exchange to acquire ownership of an investment property. The property used as collateral is located in beautiful Presidio Heights, San Francisco The borrower’s conventional lender canceled on him with only a few weeks to close. Rubicon stepped in and took first deed of trust on this beautiful San Francisco home and gave him the funds needed in less than 10 days.

 

Loan Amount: $3,000,000

LTV: 35%