Loan Amount: $4,000,000

Loan Term: 12 Months

LTC: 50%

Loan Position: First Position Deed of Trust

Fast-Track $4 Million Acquisition Loan for Local Developer in Lafayette: Rubicon Mortgage Fund at Work

When it comes to successful acquisitions, time is often of the essence. Rubicon Mortgage Fund, a premier direct lender specializing in short-term commercial real estate loans, recently completed a notable acquisition loan for $4 million—supporting a highly experienced local developer group. This transaction demonstrates not only Rubicon’s commitment to local development but also its flexibility in delivering quick funding for strategic investments. This strategic investment was made at a 50% loan-to-cost (LTC) ratio, demonstrating the Fund’s commitment to providing flexible and competitive financing solutions to its borrowers.

Supporting Local Visionaries with Fast and Flexible Financing

The borrower, a strong local development group with a history of successful real estate investments, recognized the unique potential of a property located less than a block away from Rubicon Mortgage Fund’s headquarters in Lafayette. Just steps from the bustling heart of downtown Lafayette, this property promises prime value due to its accessibility and close proximity to local amenities, creating an ideal setting for a large-scale project.

A Mixed-Use Gem with Tremendous Redevelopment Potential

This acquisition includes an impressive 13,000 square feet of retail and office space across approximately one acre of land. Adding to its value, the property currently includes ample parking space—an increasingly rare asset in bustling downtown areas. The most exciting aspect of this acquisition is its current entitlement for over 50 residential units, creating a significant opportunity for development in a highly desirable neighborhood. Given the property’s central location, it’s poised to attract a diverse mix of commercial tenants and future residents, supporting Lafayette’s continued growth.

Speed and Expertise in Loan Closing

One of the primary factors that made Rubicon Mortgage Fund the preferred lender for this project was our ability to work swiftly. This acquisition loan closed in under four weeks, exemplifying our commitment to providing fast, reliable capital to meet our clients’ time-sensitive needs. Our deep local knowledge and established connections allowed us to deliver funding quickly, helping the developer group secure this prime property in record time.

Investing in Our Local Community

As a direct lender with deep roots in Lafayette, Rubicon Mortgage Fund takes pride in fostering local development by supporting trusted local partners. “We are excited to support local investors and contribute to the continued growth and development of Lafayette,” said Vance Hillstrom, CEO at Rubicon Mortgage Fund. We know that empowering strong developers not only benefits our clients but also contributes to the ongoing vibrancy of our community. Through acquisition funding like this, we help make transformative projects possible.

If you’re an investor looking for flexible, fast-paced financing to close on your next acquisition, Rubicon Mortgage Fund offers expertise in navigating the unique demands of commercial real estate projects. Reach out today to learn how we can support your vision with the funding and expertise you need to succeed.