Category: Construction Loan

$650,000 Construction Loan in Rocklin, CA

Rubicon added funds to its original acquisition loan by contributing another $650,000 for the additional tenant improvements. The tenant improvements were over $1,200,000. All of the funds by both the borrower and Rubicon were put into escrow upfront and will be distributed with the guidance of a third-party construction control team.

Loan Amount: $650,000

Loan Term: 12 months

LTV: 60%

Loan Position: 1st Deed of Trust

$410,000 loan on Duplex in Napa, CA

Rubicon Mortgage funded this loan for $410,000 in Napa, CA. Borrower made this purchase as an investment acquisition.

Borrower owns a successful Mexican restaurant in Napa, CA and has decided to move into real estate investments after his successful restaurant endeavors. The duplex will be kept and used as a rental.

Loan Amount: $410,000

Loan Term: 24 Months

Lien Position: 1st Deed of Trust

$2,125,000 loan in Sacramento, CA

Rubicon was approached by a client looking for financing to purchase three undeveloped parcels of commercial land in Sacramento, CA.  In addition to the complexity of a land loan, this client needed to close within one month. Rubicon provided the funds to purchase the parcels of land which total just over 3.5 acres. Ultimately, the buyer intends to build a Hilton flagged hotel using conventional financing to pay off this existing note. 

Loan Amount: $2,125,000

LTC: 50%

Loan Term: 12 Months

Quote from the borrower:
“Thanks for your help and all time outstanding service to make my dreams come true!”

 

$3,750,000 Construction Loan on a Swim and Tennis Club located in Orinda, California

Many of the buildings on the property will be demolished to make space for the new proposed renovations of the club. Being a non-profit organization, it was more difficult for the owner to secure conventional financing, making Rubicon an asset to complete the project. Rubicon provided a one-year loan on the property at 60% LTV and secured in first position deed of trust.

  • 1 Year Term
  • 1st Deed of Trust on property
  • 60% LTV

$1,950,000 Acquisition in Berkeley, CA

Rubicon provided the previous owner of the building funds to complete a renovation project.  The original borrower referred Rubicon to a new buyer who used the proceeds to purchase this 10-unit apartment complex as an investment.

Loan Amount: $1,900,000

Loan Term: 12 Months

LTC: 65%

Loan Position: 1st Deed of Trust

CONSTRUCTION FINANCING IN TEMECULA, CALIFORNIA

Rubicon financed a portion of the hard cost for the construction of this 76 gas station and Kangaroo Express convenience store in Temecula.

Loan Amount: $2,000,000

Loan Term: 12 Year

 

CASH OUT FOR BUILDING IMPROVEMENTS – OAKLAND, CALIFORNIA

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

 

FIX-AND-FLIP LOAN IN DANVILLE, CALIFORNIA

Rubicon secured financing on a 1,300 square foot fix-and-flip property located in Danville, California.

With over one-third an acre lot size, borrower plans to include an Additional Dwelling Unit (ADU) to add value to the property.

Rubicon secured a 1st Deed of Trust on the home for a 12-month term, at 60% Loan to Value.

 

$1,500,000 Construction Loan in Oakland, CA

Rubicon Mortgage Fund has great expertise in Construction Loans. With our knowledgeable and efficient personnel, we are able to leverage our long-term relationships with Title Companies and Construction Consultants. When time is of the essence, Rubicon is able to work diligently to close loans quickly to provide operating capital to our borrowers.

Borrower testimonial: “Rubicon was a fantastic partner. They were there for me during a very trying period during my project and provided me with a streamlined funding solution that allowed me to get back to work in a matter of days. Every project experiences fits and starts and I was very fortunate to have worked with Rubicon to bridge m needs at the time so that I could continue to move forward with realizing my dream.”

Loan Amount: $1,500,000

Loan Term: 6 Months

LTV: 60%

Loan Position: 1st Position Deed of Trust

Construction Loan in Merced, California

Rubicon funded a $1,800,000 construction loan in Merced, CA. Our borrower was planning to obtain a construction loan through a conventional lender. Unfortunately the transaction was declined at the last minute. Rubicon secured a 1st Deed of Trust on the vacant 42,000 square foot building and, within two weeks, provided capital for the borrower to complete tenant improvements. Today, Planet Fitness occupies 21,000 square feet of the gross building area. Best Buy recently signed a lease for the remaining space, but have not yet moved in. As a direct private lender, Rubicon is able to creatively structure loans to best suit our borrowers needs and fund quickly. Quote from our borrower: “My experience with Rubicon from the beginning to present has been easy, painless, and extremely comfortable” – P.I. Loan Amount: $1,800,000 Loan Term: 1 Year LTC: Less than 50% Loan Position: First Deed of Trust

Gas Station Construction in Indio, California

Rubicon recently funded a construction loan on a nationally flagged gas station. There is currently a long termed ground lease in place by the borrower. Our borrower is a multiple-station owner, and seasoned operator. This prime location is well located by both a Starbucks and a McDonald’s.

Loan Amount: $1,100,000

LTC: 50%

 

El Sobrante Fix and Flip

A single family residence prime to fixed up and sold was the focus of this loan. Borrower needed $300K that Rubicon funded to complete the business purpose refinance. Length of loan is 9 months and Rubicon’s LTV is 60%.

Loan Amount: $300,000

Loan Term: 9 Months

LTV: 60%

Rubicon Mortgage Fund