Acquisition of Residential Property in Loomis, CA
Rubicon Mortgage Fund, LLC recently funded a $275,000 hard money short-term loan on a Residential property located in Loomis, CA. The purpose of this loan was Acquisition. The borrower intends to refinance through a conventional lender prior to maturity. Rubicon’s loan to cost was 53%. Closing took only two weeks!
Loan Amount: $275,000
Loan Term:Â 12 Months
LTC: 53%
Loan Position:Â First Deed of Trust
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