Tahoe Cash Out For Business Purpose

Rubicon funded a $1.15 Million loan on a non-owner occupied Single Family Residence in (Lahontan) Tahoe. Located just south of Truckee, Lahontan is a  906 acre community nestled in the Sierras in a secluded valley close to the lake. Lahontan’s golf and living experience rivals the finest private golf communities in the nation. This loan to value is 60% on a 2 year loan. 1st Deed of Trust. Borrower requested cash out refi for business investment.

 

Loan Amount: $1,150,000

Loan Term: 24 Months

LTV: 60%

Loan Position: 1st Deed of Trust