$4,900,000 Refinance Loan in Lafayette, CA
Private Lending: Refinancing a $4.9 Million Loan for
Premium Lots in Lafayette’s Happy Valley
Loan Amount: $4,900,000
Loan Term: 12 Months
LTV: Sub 40%
Loan Position: First Position Deed of Trust
In the heart of Lafayette’s prestigious Happy Valley, Rubicon Mortgage Fund has proudly closed a $4,900,000 refinance loan for a repeat borrower. This marks yet another successful loan we’ve funded for this property, reflecting our confidence in the asset and the strong relationship we’ve built with the borrower. Private lending has once again proven to be a critical enabler for real estate projects that require speed, flexibility, and a tailored approach.
The Property: Premium Lots Ready for Development
The subject property consists of several premium residential lots in Happy Valley, a highly sought-after area known for its picturesque surroundings and upscale community. This vacant land is fully prepared for future development, with all underground work already completed.
The Borrower: A Trusted Partner
Our borrower is a seasoned professional with a history of successful real estate ventures. As a repeat borrower, they have consistently demonstrated reliability and a clear vision for their projects. With seven previous loans funded by Rubicon on this property, we are deeply familiar with both the asset and the borrower’s strategic approach.
Why Private Lending Was the Right Fit
Private lending is uniquely positioned to serve real estate professionals who value speed, flexibility, and a collaborative approach. In this case, private lending was the ideal solution due to:
- Familiarity with the Asset: Having funded seven prior loans on this property, Rubicon’s team had an in-depth understanding of the asset and its potential.
- Strong Relationship: Our long-standing partnership with the borrower facilitated a seamless loan process, demonstrating the value of trust and rapport in private lending.
- Strategic Refinancing: This refinance allowed the borrower to maintain momentum on their development plans while preparing for the next phase of the project.
The Exit Strategy
The borrower’s clear exit strategy is to selectively sell individual lots to premium homebuilders, generating sufficient proceeds to repay the loan. With the lots ready for construction and located in such a desirable area, this strategy positions both the borrower and Rubicon for success.
Happy Valley: A Jewel in Lafayette
Happy Valley is one of Lafayette’s most prestigious neighborhoods, offering a blend of natural beauty and luxurious living. Properties in this area are highly coveted, and these parcels represent an exceptional opportunity for residential development. Being based in Lafayette, Rubicon Mortgage Fund takes pride in supporting projects within our local community.
Conclusion
This $4.9 million refinance exemplifies the advantages of private lending for both lenders and borrowers. For the borrower, it provided the flexibility and speed needed to advance their plans for these premium lots. For Rubicon, it reinforced the strength of our relationships and our ability to deliver tailored solutions for repeat borrowers.
Private lending isn’t just about funding deals—it’s about building lasting partnerships and contributing to the success of our local communities. If you’re looking for a lender who understands your vision and can help you achieve your goals, Rubicon Mortgage Fund is here to help.
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