$350,000 Acquisition in Pittsburg, CA
Successful Duplex Acquisition Loan Funded in Pittsburg, California
Loan Amount: $350,000
Loan Term: 24 Months
LTC: Under 65%
Lien Position: 1st Deed of Trust
Acquiring investment real estate in today’s fast-paced California market demands both strategy and speed, especially in sought-after regions like Pittsburg, CA. At Rubicon Mortgage Fund, LLC our team recently funded a $350,000 acquisition loan for a local investor purchasing a turnkey duplex property. This project stands out not just for its smooth execution but for the relationships and expertise that drove it from start to finish.
Quick Close on Acquisition of Investment Duplex
This transaction highlights the importance of timely decisions and trusted networks. The duplex, a non-owner-occupied property, was secured by an experienced investor eager to take advantage of this great opportunity. The borrower on this deal is a close friend of the Director of Sales, who managed the transaction, demonstrating how strong, trusted relationships contribute to fast and successful outcomes in the Bay Area real estate market.
Notably, this marks the second deal we have closed with this borrower, a testament to our commitment to building lasting partnerships. This time, the funding process moved at impressive speed, closing in just 10 calendar days—a significant advantage in a competitive marketplace where timing is everything.
Property Details: Turnkey Living in a Thriving Community
Located in a thriving Pittsburg neighborhood, the duplex represents an excellent investment opportunity. The building offers 1,660 square feet of living space on a 5,662.8 square foot lot, providing both comfort and flexibility for future renters. One unit is currently occupied, while the other is vacant, allowing the new owner to upgrade and lease the vacant unit at market rates. This mix enhances immediate income potential and long-term growth.
Turnkey properties like this are in high demand because they offer immediate rental potential with minimal renovation needs. The investor’s swift action, backed by private lending, gave him the edge he needed to present a compelling, all-cash-like offer using bridge financing—an approach that simplifies the transaction and appeals strongly to sellers.
Creative Financing Strategy
In today’s real estate landscape, the right financing approach can make all the difference. For this acquisition, the investor employed private lending, enabling him to act decisively with competitive terms that mimicked a cash purchase. By using bridge financing, he could move quickly and outmaneuver rival bids, ensuring the property didn’t slip away in a hot market.
The borrower’s exit strategy is clear and straightforward. Once both units are rent-ready and generating income, the plan is to refinance or pay off the original loan, stabilizing the asset for the long haul. This practical approach underscores why private money loans from Rubicon Mortgage Fund are so effective for investors seeking speed and flexibility.
Why Pittsburg is a Smart Choice for Investment
Pittsburg, situated in the heart of Contra Costa County, continues to attract investors who value accessibility, growth, and strong rental demand. The city’s energetic atmosphere, coupled with ongoing development, makes it an ideal spot for those looking to expand their portfolios with multifamily properties.
Our client recognized the value in this duplex property, using local insights and strategic financing to secure an asset poised for appreciation and stable cash flow. By acting quickly and utilizing resources from Rubicon Mortgage Fund, the investor was able to seize a promising opportunity and begin the journey toward optimized returns.
Trusted Lending for Bay Area Investors
Rubicon Mortgage Fund, LLC specializes in private money lending solutions for commercial and investment properties across California, especially within the Bay Area’s dynamic markets. Whether you are acquiring, refinancing, or repositioning investment real estate, our team delivers fast, reliable funding tailored to your unique needs.
For more stories of successful deals and expert lending strategies, contact our team today. We are committed to helping investors achieve their goals—one successful project at a time.
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