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March 17, 2022

$980,000 Acquisition in San Leandro, Ca

Our client wished to purchase a new property prior to the sale of their existing property. Rubicon helped the borrower with a short-term loan using cross-collateralization. The loan is secured in first position by the purchase property.

Loan Amount: $980,000

Loan Term: 9 Months

 

Loan Position: 1st Deed of Trust on both properties

Previous deal $4,000,000 Loan in Lafayette, California Next deal $6,700,000 Loan in Orinda, California
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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