Business Purpose Refinance in Hillsborough

Rubicon funded a $1.1M loan on a Single Family Residence in the leafy neighborhood of Hillsborough. Owners refinanced their 5 bedroom, 4.5 bath home that contains 5,300 square feet to secure a business opportunity. Borrowers were under pressure to get funds due to tight timelines. The transaction on this First Deed of Trust loan for 1 year was accomplished in time for the borrower’s business acquisition. Loan to Value is less than 30%.