An investor looking to buy property in California needed a short term loan to complete the acquisition of this investment property. This property is non-owner occupied and will be used as a rental. The client lives out of the country and was running short on time to transfer the funds needed to complete the purchase, and Rubicon funded on time to complete the transaction.

Loan Amount: $400,000

Loan Term: 12 months

LTV: 26%

Loan Position: 1st Deed of Trust