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January 22, 2024

$350,000 5-unit Apartment in Berkeley

Rubicon provided a rate and term refi on a 5-unit multi-family building in Berkeley, CA. Due to market conditions, conventional underwriting requires tightening. The investment group concluded an 18-month bridge would be a better solution for them to focus on stabilizing the property and refinance in the near future.

Loan Amount: $350,000

Previous deal $475,000 1031 Exchange Roseville/Rocklin, CA Next deal $1,900,000 2-unit Acquisition San Francisco, 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