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August 25, 2022

$1,380,000 Acquisition Loan in Orangevale, CA

Acquisition loan to a repeat borrower in Sacramento, California. Borrower leveraged Rubicon to negotiate a lower purchase price in lieu of a quick close.  The home is 6,560 sf situated on 5 acres.  The intention is to lease the home once the Rubicon loan is paid off.  Until then the property will be kept vacant.

 

Loan Amount: $1,380,000

Loan Position: 1st Deed of Trust

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Rubicon Mortgage Fund, LLC is California's premier direct private money lender for commercial real estate. In-house underwriting. No appraisals. Initial response typically within 24 hours.

(925) 283-8919