$1,500,000 Short Term Loan in Rancho Mirage, CA

Our borrower needed short-term loan to purchase a new house in Rancho Mirage before selling a house in Los Altos.  Rubicon provided a short term-term loan securing both properties.

Loan Amount: $1,500,000

Loan Term: 9 months

CLTV: 60%

Loan Position: 1st Deed of Trust on both properties