$720,000 Acquisition in Cottonwood, CA
Rubicon Closes $720,000 a Multifamily Loan in Cottonwood, CA
Loan Amount: $720,000
Loan Term: 24 Months
LTC: 60%
Lien Position: 1st Deed of Trust
Quick Close on 13-Unit Multifamily Property Featuring Duplexes and Mobile Homes
Rubicon Mortgage Fund, LLC recently closed a $720,000 multifamily loan for the acquisition of a 13-unit residential investment property in Cottonwood, California. The site spans nearly 7 acres and includes six duplex buildings and three mobile homes, spread across three legal parcels.
The two borrowers, both experienced real estate investors, were working under intense pressure after their original lender withdrew from the deal just days before funding. With the purchase deadline looming, they turned to Rubicon. Our team acted quickly to close the loan and preserve the opportunity.
Property Details
This investment property offers a mix of income-producing units with value-add potential.
Highlights include:
- 13 total rental units
- Six duplex structures
- Three mobile homes
- Three legal parcels
- Approximately 297,515 square feet of land
- Approximately 10,200 square feet of total building area
With its unique layout and large lot size, this property offers multiple paths for future growth. The borrowers plan to explore adding additional homes to the site over time, addressing local demand for affordable rental options.
Renovation and Stabilization Strategy
At the time of closing, 12 out of 13 units were occupied. The sponsors plan to renovate the units and complete property-wide improvements to address deferred maintenance. By bringing all rents to market and improving tenant quality, they aim to stabilize income and increase long-term asset value.
Once stabilized, the borrowers expect to refinance the loan through a conventional bank or agency lender. Rubicon’s financing provided the breathing room needed to carry out this strategy, without the complications and timing issues that can come with traditional underwriting.
Why Rubicon Mortgage Fund Was the Right Fit
Securing financing for properties that combine different residential types, especially in less urban areas, is not always easy. Lenders often shy away from mobile homes, mixed layouts, or older buildings that fall outside their underwriting models.
Rubicon focuses on private lending solutions for California-based real estate investors who need fast, reliable capital. All decisions are made in-house, from underwriting to legal to documentation. In this case, we were able to respond immediately and close on time, giving the borrowers a much-needed lifeline.
We understand that real estate doesn’t always fit in neat boxes. That’s why investors and brokers alike continue to rely on Rubicon when speed and certainty are essential.
Broker Involvement
This loan came to Rubicon through a broker with a longstanding relationship with our team. We take pride in those relationships and work hard to deliver consistent results. Brokers know they can count on us to perform—especially when timing is critical or traditional lenders back out at the last minute.
Your Reliable Multifamily Lending Partner in California
Whether you’re looking to finance a duplex portfolio, a mobile home park, or a residential income property that doesn’t quite fit conventional standards, Rubicon Mortgage Fund is here to help. We provide flexible, short-term loans backed by real estate throughout California, with a focus on clear communication and strong underwriting.
Let us know how we can help you close your next deal.
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