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March 26, 2024

$1,448,000 Short-Term Loan Petaluma/Mill Valley, CA

Rubicon Mortgage Fund financed a $1,448,000 short-term loan for the purchase of a property in Petaluma, CA. Rubicon’s creative financing solution to cross-collateralize with another property located in Mill Valley, CA enabled the borrower to close within 15 days. The exit strategy plan is to liquidate one of the properties.

Loan Amount: $1,488,000

CLTV: 61%

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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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