Borrower needed short-term financing to purchase new property in Lafayette. With Rubicon’s help the borrower leveraged a quick close to relocate to a different location. Upon the sale of their existing property, most of the proceeds will pay down the loan with Rubicon and any existing debt can be refinanced through a conventional lender.

Loan Amount: $1,900,000

Loan Term: 9 Months

CLTV: 35%

Loan Position: First Deed of Trust on subject property in Lafayette (pictured above) Second Deed on additional collateral in Oakland, CA (pictured below).