This Short-Term Loan enabled our borrower to purchase their new property before selling their existing property. Borrower needed a quick close to secure the purchase – in many real estate transactions, time is a crucial factor.

Rubicon can offer a letter of Intent within 24 hours.

This loan gave our Borrower the ability to make a more aggressive offer on their purchase and to buy before they sell, while giving them more flexibility on their timeframe to relocate.

Loan Amount: $1,220,000

Loan Term: 6 Months

CLTV: 60%

Loan Position: 1st Position Deed of Trust on subject property in Moraga (Pictured above) and 2nd
Position Deed of Trust on existing property in El Cerrito, CA.