$600,000 Investment Acquisition in Palm Springs, CA
Rubicon recently funded this transaction for a long-time, repeat borrower. Our borrower needed cash to secure the acquisition of this non-owner occupied single family residential property located in Palm Springs. The borrower plans to either keep the property as a rental or to sell it in the future. Â
Loan Amount: $600,000
Loan Term: 12Â months
LTC:Â 62.5%
Loan Position: First deed of trust on all properties