Rubicon funded a short-term loan in Livermore for the acquisition of a single-family residential property, with additional collateral in Fremont, CA. Rubicon will be paid off upon the sale of the Fremont property. Rubicon’s in-house underwriting team worked diligently and funded in just two weeks! Â
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Loan Amount: $2,450,000
Loan Term: 11 months
CLTV: 50%
Loan Position: First position deed of trust on both properties