$1,600,000 Short Term loan in Capitola, CA

Our borrower needed short-term bride loan to purchase a new house in Capitola before selling a condo in Santa Cruz.  Rubicon provided a short term-term loan securing both properties. Upon the sale of the Santa Cruz property Rubicon will be paid off in full.  This loan closed in 14 days.

Loan Amount: $1,600,000

Loan Term: 9 Months

Loan Position: 1^st Deed of Trust on both subject property (pictured above) and 1^st Deed of Trust on additional collateral (pictured below)

CLTV: 60%