Cash-out for Investment Purpose in Turlock

A repeat borrower for Rubicon needed a $520K loan to purchase property in Turlock, CA. Using cross-collateral that included a 100-Room Hotel in Madera and an 8,500 Square Foot Luxury Home in Pleasanton with Views of city lights and vineyards, Rubicon provided the funds for 1 year. Proven borrower commercially develop the 1.25 acre lot.

Loan Amount: $520,000
CLTV: under 60%.