Loan Amount: $900,000

Loan Term: 24 Months

CLTV: 56%

Loan Position: First Position Deed of Trust

In the ever-evolving landscape of real estate finance, Rubicon Mortgage Fund stands out as a resource of innovative solutions and steadfast support for property owners. Recently, Rubicon demonstrated its expertise by facilitating a remarkable $900,000 cash-out refinance for a mixed-use retail and apartment building. This deal not only showcases Rubicon’s deep financial understanding but also highlights its commitment to preserving the unique character and heritage of local communities.

The borrower, a determined and resourceful individual, found themselves in a precarious situation with an existing property at risk. Through Rubicon’s intervention, the cash-out refinance provided the much-needed liquidity to save this treasured asset, ensuring the continuity of their property portfolio and stabilizing their financial footing.

The funds secured through the refinance are earmarked for paying off the borrower’s existing loan on another property, providing a crucial lifeline that will enable them to focus on maintaining and enhancing their properties. By facilitating this transaction, Rubicon Mortgage Fund has played a pivotal role in safeguarding the future of these beloved community assets.

As conventional loans mature, borrowers often find themselves in need of swift financial solutions to bridge the gap before securing long-term financing. This is where a bridge loan from Rubicon Mortgage Fund comes into play, offering a short-term, flexible solution to maintain momentum and stability during transitional periods. Rubicon is the go-to answer for those seeking quick and reliable financing to navigate these critical junctures.

What makes this refinance truly special is the iconic nature of the property involved. Located in the heart of Port Costa, CA, this building is a beloved bar and restaurant that has become a cornerstone of the local community. Known for its vibrant atmosphere and cherished by residents, this destination holds a special place in the hearts of many. The building is also home to 17 lofts, providing unique living spaces that perfectly blend modern comfort with historic charm.

The refinance deal was further bolstered by the inclusion of another iconic Port Costa building as collateral: the town’s post office. This post office is not just a functional facility but a vital part of the community, serving as the primary P.O. Box location for residents.