Rubicon recently financed a 1031 Exchange to complete the purchase of this duplex property located in Antioch. In a traditional 1031 Exchange such as this one, the initial property must be sold before the replacement property is purchased. This purchased duplex is non-owner-occupied and will be kept as an investment property.Â
Loan Amount: $290,000
Loan term: 1 Year
LTC: 57%
Loan Position: First Position Deed of Trust
Recently, Rubicon funded a cash-out in Cupertino secured by a non-owner-occupied single-family residential property located in Cupertino, CA. This borrower is a repeat borrower and needed a short-term loan providing capital for property improvements. Borrower intends to keep property as a rental once the renovations are completed.Â
Rubicon is actively funding throughout California. For more information on our lending guidelines and our process, please visit our Borrowers Lending Criteria page or call our office directly at 925-283-8919. Â
Loan Amount: $258,000
Loan Term: 2 Years
Loan Position: First Deed of Trust
LTV: 15%
As an asset-based commercial real estate lender in California, Rubicon Fund lends money for 1031 Exchange, Construction Financing, Restructuring Debt, Investment Acquisition, Loans to Trusts & Vacant Properties often funding in as little as two weeks.
• Accelerated turnaround time on quotes and terms
• Reliability to complete your transaction fast and efficiently
• Extensive knowledge of creative and secured loan transactions
• All property types funded except owner-occupied residential
• We do Note Hypothecations or loans for Note Purchases | We buy Notes
• Desire to borrow $250k – $15M for your project
• Desire to borrow Loan-to-Value (LTV): Up to 65%
• Property is located in California, you do not have to be
• Provide docs to close your loan, often in as little as two weeks
• Any property type funding other than owner-occupied residential
Property Location:Â California lending only
Loan Amounts:  $250,000 – $15,000,000
Loan-to-Value (LTV):Â Up to 65% LTV
Rates:Â starting at 8.00%Â interest only
Fees:Â Starting at 1.5% (points)
Loan Position:Â 1st Position Only
Loan Term:Â Up to five years
Prepayment Penalty:Â Negotiable
Use of Proceeds: Business and Commercial purposes (exceptions may apply)
Rubicon recently funded a $380,000 cash-out loan secured by a 2496± square foot industrial condo unit. The proceeds will enable business expansion, and the exit strategy is to refinance with a conventional lender.
Loan Amount: $380,000
Loan Term: 12 Months
LTV: 55%
Loan Position: First Deed of Trust
Visit https://rubiconmortgagefund.com/borrowers-lending-criteria/ to learn more about our lending guidelines. to learn more about our lending guidelines.
Why Contact Rubicon?
*Current Loan Coming Due
*Unable to Refinance
*Unable to Qualify for a Conventional Loan
*Bankruptcy
*Foreclosure
*Buying out partners
*Cash out for Tenant Improvements
*Timing is of the essence
*Lending to:
Trusts, LLC’s, Corporations, & Partnerships
Lending Guidelines:
Loan Amounts: Up to $15MM
Loan-to-Value (LTV): Up to 65%
Loan– to– Cost (LTC): Up to 65%
Fixed Rates: Starting at 9% Interest Only
Origination Fee: Start at 1.5%
Loan Position: 1st DT Only
Loan Term: 1-Month Up to 5-Years
Prepayment: Depends on the loan term
Use of Proceeds: Business Purposes
Points of Intetest:
No Appraisal Required Â
Reliable Funding
Competitive RatesÂ
In-house UnderwritingÂ
Letter of Intent within 24hrs of contacting us
Types of Loans:
Cash-out-loan
Refinance
Property Purchase
1031 Exchange
Bridge Loan
This loan was part of a 1031 Exchange for the purchase of a 38-unit, 38,000± square foot apartment building.  Our borrower needed to complete their 1031 Exchange to meet a deadline and Rubicon funded on time. As an asset-based lender with an internal underwriting team, Rubicon can generally fund more quickly than a traditional bank, which is essential when borrowers are on a tight deadline to close.
Borrower was completing their 1031 exchange and purchasing a replacement property. Rubicon funded $900,000 towards the acquisition of this 21,645 sf 20-unit apartment building located in Stockton, CA. The borrowers intention is to refinance with conventional debt as an exit strategy. Â At the time of the loan, out of the 20 units in the building, 18 units were occupied.
Loan Amount:Â $900,000
Loan Term: 12Â months
LTV: 60%
Loan Position: 1st Deed of Trust
A reverse 1031 exchange occurs when property owners purchase a property prior to selling a property that they want to capture a tax advantage via a 1031 exchange. Normally in 1031 owners sell a property first before purchasing one.
In a reverse exchange, a qualified intermediary takes title on the property, which leads to owners having difficulties finding lenders. Conventional lenders often don’t want to get involved for several reasons.
Since Rubicon is a private direct lender and we don’t have the restrictions of banks we can provide our clients with the funds needed to acquire their replacement property and complete their exchange in a short period of time.
Loan Amount:Â $575,000
Loan Term:Â 9 months
CLTV: Under 50%
Loan Position: 1st Deed of Trust on both properties
A
reverse 1031 exchange occurs when property owners purchase a property prior to
selling a property that they want to capture a tax advantage via a 1031
exchange. Normally in 1031 owners sell a property first before purchasing
one.
In
a reverse exchange, a qualified intermediary takes title on the property, which
leads to owners having difficulties finding lenders. Conventional lenders often
don’t want to get involved for several reasons.
Since
Rubicon is a private direct lender and we don’t have the restrictions of banks
we can provide our clients with the funds needed to acquire their replacement
property and complete their exchange in a short period of time.
Loan
Term: 6 Months
Loan
Position: 1st Position Deed of Trust on both purchase property (pictured above)
and 1st Position Deed of Trust on additional collateral (pictured below). 2nd Deed
of trust on a second additional collateral property (pictured at the bottom of
the page)
CLTV: 60%
The borrower is buying the property for their business. Due to poor cash flow. The client was not able to qualify for SBA financing. Client will refinance sometime in year 2.
Â
Loan Amount: $470,000
Loan Term:Â 24 Months
LTC:Â 62.5%
Loan Position: First Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
Rubicon recently funded a $3,200,000 Reverse 1031 Exchange. The exchange involved two non-owner-occupied homes. One home is in Fremont, CA (relinquished property) the other home is and Kensington, CA (new purchase). Reverse Exchange financing can be difficult to obtain. Rubicon was able to creatively structure a loan that allowed the borrowers the opportunity to perfect their exchange.
Â
Loan Amount: $3,200,000
Loan Term: 12 Months
Loan Position: First Deed of Trust on both properties
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
This borrower’s business had some financial hurdles in the past few years but business is now booming! He needed some capital to put back into his business and equipment but was unable to secure a bank loan. Timing was of the essence as he was trying to keep up with current demand. Rubicon provided a quick refi/cash-out loan giving him the money he needed to continue to build his business and balance sheet. Borrower intends on doing a seller lease back and staying in the building.
Â
Loan Amount: $3,000,000
Loan Term:Â 6 Months
LTV: Under 60%
Loan Position: First Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
This buyer/borrower was referred to us after his loan with the SBA was delayed and he needed to close before year end or lose the benefits of his 1031 Exchange. We ran into some issues along the way (an expired ground lease and deceased owners/sellers still on title) but got creative and made the deal work to meet a very tight timeframe. The buyer intends to refinance with the SBA in a few months when timing isn’t as restrictive. All in all, a successful transaction and a very happy borrower
Collateral:
• Subject Property Address: Greenback Lane, Citrus Heights, CA
• Property Type: Retail/Office
• Lien Position: 1st Deed of Trust
• Loan Purpose: Acquisition for Business Purposes
• Loan Term: 12 Months
Our borrower used their existing property as additional collateral to make an extremely competitive offer. This is useful when looking to purchase the new property with no down payment. This loan gave our Borrower the ability to make a more aggressive offer on their purchase and to buy before they sell, while giving them more flexibility on their timeframe to relocate.
Loan Amount: $1,200,000
Loan Term: 9 Months
CLTV: 58%
Loan Position: 1st Position Deed of Trust on subject property in Pleasant Hill (pictured above) and 2nd Position Deed of Trust on existing property in Lafayette, CA
