Our borrower was able to get this 3246-square-foot condo in contract for $3,000,000. This seasoned entrepreneur who was also very well qualified put down $1,000,000 and Rubicon provided a $2,000,000 Acquisition Loan in Pacific Heights. During our underwriting, we were able to assess that the purchase was very good for our buyer, and being located in Pacific Heights/Cow Hollow the location is of top quality. The term was 1-year.

Loan Amount: $2,000,000

Loan Term: 12 Months

LTC: 66%

Loan Position: First Position Deed of Trust

Rubicon recently funded the acquisition of a 10-room boutique motel located in Trinidad.  The loan includes approximately 4.5 acres of land and the long-term plan for the space is for the borrower to renovate the units. Stabilize cash flow, and eventually refinance. 

Loan Amount: $1,320,000

Loan Term: 2 Years

LTC: 65%

Loan Position: First Position Deed of Trust

Rubicon recently funded the acquisition of this 12,000 SQ FT Industrial Warehouse located in Rancho Cordova. The borrower was already leasing the space to use as part of his automotive and wrecking yard, and he had the opportunity to purchase it. This loan was completed for a repeat borrower who prefers to utilize Rubicon due to our process being faster and more simple than traditional lenders. Rubicon secured additional collateral in the form of an 8,000 SQ FT industrial warehouse down the street from the purchased property to provide our borrower the requested loan amount. 

Loan Amount: $1,650,000

Loan Term: 3 Years

CLTV: 50%

Loan Position: First Position on Purchase Property, Second Position on additional collateral

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. 

Loan Amount: $290,000

Loan term: 1 Year

LTC: 57%

Loan Position: First Position Deed of Trust

Rubicon recently funded the acquisition of this land and SFR slated to become a Hilton Tru hotel in the future. This property acquisition includes a non-owner occupied SFR which will be used as a construction office until it has time to be demolished before the project advances. The borrower is an investment group that is experienced with hotel development, and they brought in $1,750,000 to escrow to close.

Loan Amount: $1,120,000

Loan Term: 1 Year

Loan-to-Cost: 40%

Loan Position: First Deed of Trust

To learn more about our loan process, click here. 

Rubicon recently funded 44% LTC financing in the amount of $700,000 to a repeat borrower secured by a 49,600 SF parcel in San Jose, CA. The parcel had a 3,4000-sf home prior to a fire that destroyed the main house. Our client plans to rebuild a new home on this lot. 

Loan Term: 1 Year

Loan Position: First Deed of Trust
Loan-to-Cost: 44%

To learn more about our loan process, click here. 

Rubicon recently funded a Multi-Family Acquisition in Garden Grove, California. This loan is secured by a 6-Unit Multifamily building located next to Disney. Due to under market rents, traditional financing was difficult to obtain. Rubicon was able to step in, provide competitive terms and deliver on certainty of execution. Our borrower’s exit strategy is to rehab all units and lease up at market rate. From start to finish, this loan funded within three weeks. 

Loan Amount: $936,000
Loan Term: 18 Months
LTC: 65%
Loan Position: First Position Deed of Trust

To learn more about our loan process, click here. 

As a private debt fund, Rubicon can creatively structure financing solutions to fit each client’s individual needs. In this case, tenants with an option to buy the property chose to exercise their option to purchase the property before the property was available on market. They had just opened their business around 1 year ago, therefore they would not be able to meet the requirements to secure conventional debt. One of the challenges that they had was obtaining conventional financing and qualifying for a conventional loan. Rubicon secured additional collateral to provide a combined loan to value of 56%.

Loan Amount: $1,700,000
Loan Term: 12 months
CLTV: 56%
Loan Position: First on Subject Property, 2^nd position on Additional Collateral

This Acquisition Loan in Sacramento enabled our borrower to purchase .93 acres of commercially zoned vacant land. Prior to this purchase, Rubicon Mortgage Fund, LLC had an existing loan on this parcel and the two adjacent parcels, and the new buyer purchased this land from our client. The loan amount of $500,000 represents 40% of the purchase price. The borrower intends to take this land and build a service station or a quick serve restaurant.

Loan Amount: $500,000

Loan Term: 12 Months
LTV: 40%
Loan Position: First Position Deed of Trust

For more information on our lending guidelines, click here.

Interested in a private money loan? Since Rubicon doesn’t utilize appraisals or have pre-established income/debt service ratios, we are able to finance transactions that may not otherwise be possible with conventional lenders. Rubicon provides fast funding for Real Estate, specializing in short-term financing for acquisitions, equity refinances, and cash out loans for commercial properties.

As an investor or broker, it is important to have a funding source that can meet a deadline when timing matters most. With over 17 years of experience, Rubicon’s track record speaks for itself. Our competitive pricing, quick turnaround time, and reliable funding make Rubicon a trusted source for our referral partners and clients. Reach out to learn more about our loan program.

Visit www.rubiconmortgagefund.com/borrowers-lending-criteria/ to learn more and to see what clients have to say about working with Rubicon!

This recently funded loan includes the acquisition of an investment property located in Antelope, CA. The property is not owner-occupied, and the new owner intends to keep the house as an investment property to be rented out. The house was purchased as part of a trust distribution.

Loan Amount: $270,000

Loan Term: 12 Months
LTV: 55%
Loan Position: First Position Deed of Trust