Cash Out Loan for Portland Residential Property

Last week Rubicon Mortgage Fund funded a $385,000 hard money cash-out loan secured by a residential property located in Portland, OR. The borrower is a developer who needed improvement funds for further development of the property. This 1st deed of trust short-term loan was less than 50% loan to value with a one year loan term.

Loan Amount: $385,000

Loan Term: 12 Months

LTV: 50%

Loan Position: First Deed of Trust