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May 4, 2022

$240,000 Refinance in Merced, CA

Our borrower needed cash-out to pay off existing debt on another property. The collateral property is located in Merced, CA. Borrower owns multiple properties and wanted to restructure debt. Borrower is a seasoned property manager with a diverse portfolio of properties throughout the central valley.

 

Loan Amount: $240,000

LTV: 40%

Loan Position: First Deed of Trust

Previous deal $3,025,000 Cash-Out Rocklin, CA Next deal $1,000,000 Working Capital Loan in Palo Alto, CA
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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.

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(925) 283-8919