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September 28, 2021

$400,000 Cash-out in Oakland, CA

  • Our borrower contacted us in need of cash to purchase a property out of state.  
  • Borrower plans to keep property as investment and to refinance with a conventional lender down the road to pay off Rubicon.  
  • Collateral property is a 4 story building with work and living units above commercial ground floor units.  
  • Loan Term: 1 Year
  • Loan Position: 1st Position Deed of Trust 
  • LTV: 60%
     

 

Previous deal $1,220,000 Short Term Loan in Moraga, CA Next deal $1,900,000 Acquisition in Brentwood, CA
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Rubicon Mortgage Fund, LLC is California's premier direct private money lender for commercial real estate. In-house underwriting. No appraisals. Initial response typically within 24 hours.

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(925) 283-8919