Acquisition Short Term Loan Investment Purpose in San Jose, CA

Rubicon Mortgage Fund, LLC funded a $1,000,000 Acquisition Short Term Loan for an investment-purpose luxury home in San Jose, CA.  The borrower intends to refinance to pay off Rubicon’s loan. Rubicon’s loan is 42% LTC (Loan-to-Cost) with a one-year term.

Loan Amount: $1,000,000

Loan Term: 12 Months

LTC: 42%