$380,000 Cash-out in Union City, CA
Rubicon recently funded a $380,000 cash-out loan secured by a 2496± square foot industrial condo unit. The proceeds will enable business expansion, and the exit strategy is to refinance with a conventional lender.
Loan Amount: $380,000
Loan Term: 12 Months
LTV: 55%
Loan Position: First Deed of Trust
Visit https://rubiconmortgagefund.com/borrowers-lending-criteria/ to learn more about our lending guidelines. to learn more about our lending guidelines.
Why Contact Rubicon?
*Current Loan Coming Due
*Unable to Refinance
*Unable to Qualify for a Conventional Loan
*Bankruptcy
*Foreclosure
*Buying out partners
*Cash out for Tenant Improvements
*Timing is of the essence
*Lending to:
Trusts, LLC’s, Corporations, & Partnerships
Lending Guidelines:
Loan Amounts: Up to $15MM
Loan-to-Value (LTV): Up to 65%
Loan– to– Cost (LTC): Up to 65%
Fixed Rates: Starting at 9% Interest Only
Origination Fee: Start at 1.5%
Loan Position: 1st DT Only
Loan Term: 1-Month Up to 5-Years
Prepayment: Depends on the loan term
Use of Proceeds: Business Purposes
Points of Intetest:
No Appraisal Required Â
Reliable Funding
Competitive RatesÂ
In-house UnderwritingÂ
Letter of Intent within 24hrs of contacting us
Types of Loans:
Cash-out-loan
Refinance
Property Purchase
1031 Exchange
Bridge Loan
