Rubicon funded a Short Term Loan in Fremont, CA. Our borrowers were up against a tight deadline to close escrow and needed to fund quickly. Rubicon’s diligent in-house underwriting team funded 7 days after issuing a Letter of Intent to the borrowers, enabling them to close on time! This short term loan included additional collateral in Newark, CA.

Loan Amount: $1,550,000

Loan Term: 11 Months

Loan Position: First position on Fremont property, second position on additional collateral in Newark.

CLTV: 60%