Richmond Cash Out
Property is a 9,600 Square Foot Office/Commercial Building on a 25,000 Square Foot Lot in Richmond. Borrower needed a $600,000 Cash Out Refinance Loan for Business Purposes. Rubicon holds the 1st Deed of Trust on this 2 Year Deal. Loan to Value is 60%.
Loan Amount: $600,000
Loan Term: 24 Months
LTV: 60%
Loan Position: 1st Deed of Trust
Located in the premier Happy Valley neighborhood of Lafayette, CA, Rubicon Mortgage Fund, LLC provided a $1.2 Million loan for the acquisition of a non-owner occupied single family residence for borrower’s investment property. Loan to cost is 65% and term is 1 year. Borrower’s exit strategy is to remodel home for today’s discerning buyers and sell property.
Rubicon funded a $1.15 Million loan on a non-owner occupied Single Family Residence in (Lahontan) Tahoe. Located just south of Truckee, Lahontan is a  906 acre community nestled in the Sierras in a secluded valley close to the lake. Lahontan’s golf and living experience rivals the finest private golf communities in the nation. This loan to value is 60% on a 2 year loan. 1st Deed of Trust. Borrower requested cash out refi for business investment.
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Loan Amount: $1,150,000
Loan Term: 24 Months
LTV: 60%
Loan Position: 1st Deed of Trust
RMF, LLC closed 2 loans this week by getting loan docs to escrow in 5 days! The first, in Berkeley, CA was a short-term loan of $160K for an SFR with an LTC of 36%. A cash-out for business purposes in the amount of $225,000 was the second loan in San Jose on a non-owner occupied SFR with an LTC of 38%.
Rubicon Mortgage Fund, LLC recently funded a $2,900,000 hard money loan on an Industrial property located in San Leandro, CA. The purpose of this loan was to take Cash Out for Operating Capital. The thirty month loan term will give the client sufficient time to restructure operating capital on the property. Rubicon’s loan to value was 53%.