Rubicon continues to provide short-term bridge financing solutions throughout CA. In one of Rubicon’s recently closed transactions, Rubicon provided a loan for a client to complete a reverse 1031 exchange. Due to a reverse 1031 exchange complexity, many lenders shy away from this dynamic transaction because of its moving parts to enable a successful closing. The client will sell the relinquished property in the next six months as an existing strategy.

Loan Amount: $475,000

Loan Term: Six Months

LTV: 45%

Loan Position: First Position Deed of Trust