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$600,000 Refinance in Tracy, CA

Rubicon Mortgage Fund, LLC Finances a $600K Cash-Out Loan Cross Collateralized with Two Rental Properties

Cross Collateralized - Tracy and Port Hueneme, CA

Loan Amount: $600,000

Loan Term: 36 Months

CLTV: 60%

Loan Position: First Position Deed of Trust

Rubicon Mortgage Fund Structures Strategic Refinance with Properties in Tracy, CA and Port Hueneme, CA

Rubicon Mortgage Fund, LLC recently funded a $600,000 cash-out loan using a cross collateralized structure involving two non-owner occupied rental properties in California. This transaction exemplifies how private lending solutions can unlock value for experienced investors and business owners seeking working capital for growth.

Loan Highlights
  • Loan Amount: $600,000
  • Loan Purpose: Cash-out refinance for working capital
  • Collateral Type: Two investment properties (SFR + Condo)
  • Location of Properties: Tracy, CA and Port Hueneme, CA
  • Borrower Type: Seasoned real estate investor and general contractor
  • Loan Type: Cross Collateralized, asset-based loan
Asset Overview

Subject Property: Tracy, CA – Single-Family Residence – Non-Owner Occupied

The subject property securing the loan is a 1,858 square foot single-family residence located in Tracy, CA. The property sits on a 5,575 square foot lot and was owned free and clear, providing strong equity for the cash-out refinance. As a rental property, it generates passive income while serving as stable collateral for the loan.

 

Additional Collateral: Port Hueneme, CA – Non-Owner Occupied Condo

To reach the borrower’s desired loan amount, Rubicon cross collateralized a second property—a 988 square foot condo located in Port Hueneme, CA, situated on a 1,742 square foot lot. Like the Tracy home, this condo is held as a rental property and is non-owner occupied. The inclusion of this asset increased the available loan-to-value ratio and allowed Rubicon to deliver the full $600,000 in proceeds.

Why Cross Collateralization Works for Real Estate Investors

Using a cross collateralized loan structure allows investors to combine the equity of two or more properties to secure a single loan. This is particularly beneficial when one property alone does not support the desired loan amount. In this case, the Tracy property had ample equity but was supported further by the Port Hueneme condo, allowing the borrower to access more working capital without selling or refinancing each property individually.

Rubicon Mortgage Fund regularly uses this strategy to help real estate investors unlock liquidity across their portfolios, especially when speed and flexibility are critical.

Borrower Profile: Contractor and Investor Growing Their Business

The borrower is a seasoned real estate investor and the owner of a successful general contracting business operating across California. The cash-out proceeds will be used as working capital to support expansion—specifically to front the cost of materials and labor for multiple job sites currently in progress.


By accessing equity through a cross collateralized structure, the borrower can maintain control of their properties while fueling business growth. This is a textbook example of how Rubicon supports entrepreneurial borrowers through fast, flexible financing.

Trusted Broker Partnership

This transaction was referred by a broker who has completed at least five deals with Rubicon Mortgage Fund. These long-standing relationships are a cornerstone of Rubicon’s business model. Brokers know they can count on Rubicon for transparency, responsive communication, and the ability to close quickly on complex transactions.

About Rubicon Mortgage Fund

Rubicon Mortgage Fund, LLC is a direct private lender specializing in asset-based loans and cross collateralized financing for California real estate investors. With nearly two decades of experience and a reputation for reliable execution, Rubicon offers:

  • Fast closings
  • Asset-based underwriting
  • Flexible structures
  • Strong borrower and broker relationships

Whether you’re refinancing a portfolio, purchasing a new investment, or pulling equity for expansion, Rubicon is a trusted partner in California’s private lending space.

Contact Us

Interested in learning more about cross collateralized loans or submitting a deal?

📞 Call us today or email info@rubiconfund.net to explore financing solutions tailored to your needs.

Cross Collateralized Port Hueneme

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  • Refinance
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Loans will be made or arranged pursuant to the California Financing Law.

Rubicon Mortgage Fund, LLC
CFL 6053884
Rubicon Realty Advisors, Inc.
CFL 6053885
NMLS ID: 225729
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Loans will be made or arranged pursuant to the California Financing Law.

Rubicon Mortgage Fund, LLC, CFL 6053884
Rubicon Realty Advisors, Inc., CFL 6053885
NMLS ID: 2257291

3575 Mt. Diablo Blvd.
Suite 215
Lafayette, CA 94549

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