Back to portfolio
July 6, 2021

$1,700,000 Refinance in Santa Clara, CA

Borrower had a difficult time qualifying for conventional financing due to poor cash flow, and Rubicon stepped in when they had less than a month to pay off existing lender.

Rubicon included a 12 month interest reserve, enabling the borrower to stabilize their property and cash reserves.

Loan Amount: $1.700,000

Loan Term: 6 Months

LTV: 55%

Loan Position: 1st Deed of Trust

Previous deal $3,500,000 Short Term Loan in Los Gatos, CA Next deal $875,000 Cash-out in San Francisco, CA
More Funded Deals

Related transactions.

Rubicon Funds Acquisition: Loan Amount $10,500,000
Commercial · Commercial Acquisition · Funded Loans
Rubicon Funds Acquisition: Loan Amount $10,500,000
Read deal
$600,000 Investment Acquisition in Sacramento
Funded Loans · Short-Term Loan
$600,000 Investment Acquisition in Sacramento
Read deal
$1,550,000 Short Term Loan in Fremont, CA
Funded Loans · Short-Term Loan
$1,550,000 Short Term Loan in Fremont, CA
Read deal
View full portfolio

Ready to fund your next deal?

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.

Get in touch
(925) 283-8919