Cash out Short-Term Loan in Camp Seco, CA

Last week Rubicon Mortgage Fund, LLC funded a $300,000 Cash out Bridge Loan for a 2,300 sq ft Single family residence situated on a 240 acre parcel. Property offers a tennis course, equestrian center, and a 6 acre lake. Property is located in Camp Seco, CA. The borrower intends to refinance through a traditional lender in the near future. Rubicon’s loan is 45% LTC (Loan-to-Cost).