Short-Term Loan for Marin County Automotive Property

Earlier this month Rubicon Mortgage Fund funded a $170,000 short-term loan to cash out equity on a vacant automotive property in Fairfax, CA. The borrower needed some funds to reinvest in the property for development. Our loan is a 1st trust deed, 50% LTC.

Loan Amount: $170,000

LTC: 50%

Loan Position: 1st Trust Deed