San Francisco Cash Out Refinance

A Family Trust Settlement was at the core of this loan. Borrowers came to Rubicon with a loan request of $600,000 for the purpose of a Cash-out Refinance to Fund the Trust’s Final Distribution to the Beneficiaries. The property is a 2 bedroom, 1 bath non-owner occupied Single Family Residence in the Glen Park Neighborhood of San Francisco. Rubicon’s loan to value is 60%, term of loan is 6 months and Rubicon holds the 1st Deed of Trust.