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September 27, 2022

$1,600,000 Short Term loan in Capitola, CA

Our borrower needed short-term bride loan to purchase a new house in Capitola before selling a condo in Santa Cruz.  Rubicon provided a short term-term loan securing both properties. Upon the sale of the Santa Cruz property Rubicon will be paid off in full.  This loan closed in 14 days.

Loan Amount: $1,600,000

Loan Term: 9 Months

Loan Position: 1st Deed of Trust on both subject property (pictured above) and 1st Deed of Trust on additional collateral (pictured below)

 

CLTV: 60%

Short Term Refi
Previous deal $6,600,000 Refinance in San Francisco, CA Next deal $1,025,000 short-term loan in Sonoma, 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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