$700,000 Acquisition Loan in San Jose, CA

Rubicon recently funded 44% LTC financing in the amount of $700,000 to a repeat borrower secured by a 49,600 SF parcel in San Jose, CA. The parcel had a 3,4000-sf home prior to a fire that destroyed the main house. Our client plans to rebuild a new home on this lot. 

Loan Term: 1 Year

Loan Position: First Deed of Trust
Loan-to-Cost: 44%

To learn more about our loan process, click here.