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November 29, 2022

$400,000 Acquisition in Walnut Creek, CA

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.

LTV: 26%

Loan Position: 1st Deed of Trust

Previous deal $650,000 Construction Loan in Rocklin, CA Next deal $590,000 Acquisition in Walnut Creek 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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