Multi-Family Unit Acquisition in Oakland
Located near Piedmont, CA, borrower acquired a great 2 story, Â quadruplex apartment building, including 2 storage units on a lot size of over 6,000 square feet. Borrower purchased as investment property. Loan amount is $850,000 and loan to cost is 65%. 1st Deed of Trust on a 1 year loan.
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Loan Amount: $850,000
Loan Term: 12 Months
LTC: 65%
Loan Position: 1st Deed of Trust
A mixed-use property was acquired with Rubicon’s loan of $650,000. Located in Douglas Flat (in Calaveras County, CA), this property includes a 1,200 square foot House, 5,000 square foot industrial building, 45 acres with a possible map, and a State-Certified natural spring water source. The loan term is 1 year for this commercial purpose investment.
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Loan Amount: $650,000
Loan Term: 12 Months
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Rubicon Mortgage Fund, LLC recently funded an acquisition short-term loan on a SFR with sweeping views of Oakland, Ca. Secured by industrial condos as well, the loan of $1.26M had a combined loan to value of 65%.Â
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Loan Amount: $1,260,000
LTV: 65%
With a loan to cost of 54%, RMF, LLC funded a single family residence short-term loan of $330,000 in San Leandro, CA.
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Loan Amount: $330,000
LTC: 54%
Rubicon was approached by a borrower needing to close quickly to secure an acquisition of this property located in Salinas, California. Our internal underwriting team worked diligently and closed within 10 days. The property includes agricultural land a Single Family Residential home.
Loan Amount: $1.2M
LTC: 51%
Loan Position: First position deed of trust
With incredible views of downtown San Francisco, Rubicon Mortgage Fund, LLC successfully funded $1.1M on a single family residence ripe for redevelopment. In the well-located neighborhood of Noe Valley the loan to value on this special property was 58%. Borrower intends to rehab and use for investment purposes.
Rubicon Mortgage Fund, LLC recently funded a $276,000 loan for the acquisition of this duplex property. This property is in good condition and the borrower intends to keep it as an investment rental property. The borrower will eventually refinance to pay Rubicon off.
Loan Term: 2 years
LTC: 65%
Loan Position: First Position Deed of Trust
With a loan to cost of 55%, Rubicon funded a $240K short-term acquisition loan on a SFR. Loan period is 355 days and RMF holds 1st DT.
Loan Amount: $240,000
Loan Period: 11.85 Months
LTC: 55%
Loan Position: 1st Deed of Trust
Rubicon Mortgage Fund, LLC completed a $1,535,000 loan on a retail commercial building in Tulare in the heart of the Central Valley. Our repeat borrower needed the loan for acquisition and RMF funded the loan for an 18 mos period at a loan to cost of 65%.
Recently Rubicon Mortgage Fund, LLC funded a hard money loan of $300,000 on a Commercial Warehouse/Automotive Repair Shop located in Pittsburg, CA. The purpose of this loan was Acquisition. Â
Loan Amount: $300,000
Funded: 14 days
LTC: 20%
Rubicon Mortgage Fund, LLC recently funded a $275,000 hard money short-term loan on a Residential property located in Loomis, CA. The purpose of this loan was Acquisition. The borrower intends to refinance through a conventional lender prior to maturity. Rubiconâs loan to cost was 53%. Closing took only two weeks!
Loan Amount: $275,000
Loan Term:Â 12 Months
LTC: 53%
Loan Position:Â First Deed of Trust
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