Rubicon structured a loan cross collateralizing these two properties to get our client the funding needed to pay off an existing loan, and in turn avoid paying a substantial late penalty fee.
Walnut Creek condominium property is already in contract to be sold, and Rubicon will soon be paid off!
- Loan Term: 11 Months
- Loan Position: 1st Deed of Trust on both properties
- CLTV: 60%
