Our borrower contacted us looking to purchase an investment property contiguous with another property they own. Rubicon structured a loan to finance the purchase of this 5,266 SF home situated on 10.5 acres. (Pictured above)
- Rubicon crossed into the second property for additional collateral. (Pictured below)
- Borrower intends to keep both properties as investments and to begin renting out the new property.
Loan Amount: $1,900,000
Loan Term: 24 Months
LTV: 60%
Loan Position: 1st Position Deed of Trust on subject property, 2nd Position Deed of Trust on additional collateral
