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September 6, 2023

$2,450,000 Short-term in Livermore, CA

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!  

 

Loan Amount: $2,450,000

Loan Term: 11 months

CLTV: 50%

Loan Position: First position deed of trust on both properties

Previous deal $936,000 Multi-Family Acquisition in Garden Grove, CA Next deal $1,000,000 Cash-out Loan in McKinleyville, 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