$215,000 cash-out refinance in Benicia, CA
$215,000 cash-out refinance in Benicia, CA
Rubicon recently funded a cash-out refinance on this 9,016 sq industrial warehouse building in Benicia, California.
Loan Amount: $215,000
Loan Term: 5 Year Loan
Loan Position: 1st Deed of Trust on both Properties
Borrower came to Rubicon for cash-out to settle the family trust.
Loan Amount: $1,150,000
Loan Term: 12 Months
LTV: 55%
Cash out loan cross collateralized with two properties. Client owned a free and clear duplex in Orangevale. Rubicon cross collateralized the duplex with a cabin situated on a 10 acre parcel located in Camino, California. First position deed of trust on both properties.
Loan Amount: $200,000
CLTV: 35%
Rubicon funded a cash-out refinance for property improvements on this 3 acre, 7,800 square foot Office / Machine Shop in Sacramento, California.
Loan Amount: $625,000
Loan Term: 12 Months
Loan to Value: 50%
Loan Position: First Deed of Trust
Rubicon provided $1,500,000 cash out for building improvements on this 10,000 square foot industrial warehouse in Oakland, California.
Loan Amount: $1,500,000
Loan Term: 6 Months
Loan Position: First position deed of trust
Rubicon financed a refinance-cash out on this office building in Oakland, California right next to Lake Merritt. This 9,500 square foot office space is mixed-use for both stores and offices and is located in a well traveled part of downtown Oakland.
Loan Amount: $1,350,000
Loan Term: 12 Months
Loan to Value: Below 40%
Loan Position: First Deed of Trust
Interest Reserve: 1 Year
Below is a recent cash out loan for our borrower to create liquidity for business operations. Rubicon cross collateralized this Manteca and Cupertino property to increase the loan amount.
Loan Amount: $300,000
Loan Term: 1 Year
Loan to Cost: Below 30%
Loan Position: First Deed of Trust on Manteca property (left), 2nd position deed of trust on the Cupertino property (right).
Rubicon provided a cash out loan for tenant improvements in San Francisco. Our client was working with a conventional lender, but due to Covid-19 and current regulatory restrictions, financing fell through. Fortunately Rubicon was able to get the transaction completed, and provide capital in a timely manner. This completes our 2nd loan with the borrower.
Loan Amount: $650,000
Loan Term: 16 month term
Loan Position: 1st Deed of Trust
Loan to Value: 54%
Rubicon financed a $1M loan secured by a 40-acre Almond Ranch in Hickman, CA.
The property also included a recently built 3,500 SF custom home. This was the 4th transaction with this borrower.
“For fast reliable funding, I used Rubicon Mortgage fund. All of my transactions have been seamless and timely” -MK
Loan Amount: $1,000,000
Loan Position: 1st Deed of Trust
Loan Term: 1 Year
Loan To Value: 60%
Borrower has a long-time Rubicon business relationship with Rubicon Mortgage Fund and is purchasing a ranch in out of state.
This free and clear 83.12 Acre Private Reserve in Livermore is now secured by a 1st Deed of Trust for a term of 12 months. Borrower also placed a 2nd Deed of trust on their primary residence. Combined Loan to Value is a little under 50%.
Utilizing Rubicon, the borrower received funding within two weeks which allowed them to close expeditiously on their new ranch home!