$1,448,000 Short-Term Loan Petaluma/Mill Valley, CA

Rubicon Mortgage Fund financed a $1,448,000 short-term loan for the purchase of a property in Petaluma, CA. Rubicon’s creative financing solution to cross-collateralize with another property located in Mill Valley, CA enabled the borrower to close within 15 days. The exit strategy plan is to liquidate one of the properties.

Loan Amount: $1,488,000

Loan Term: 9 Months

CLTV: 61%

Loan Position: First Position Deed of Trust