$1,700,000 Refinance and cash-out in Sacramento, CA
Refinance and cash-out loan to a Family Trust is secured by two multi-family units totaling 25-units, as well as a Duplex. As a direct asset-based lender, Rubicon is in a unique position to lend to Trusts and Estates. In this recent closing, Rubicon made a loan to a family trust which enabled two siblings to help with taking over some properties held through a trust. This new private loan took the trust out of an expensive private note and gave some additional cash out for property improvements and clean up.
Loan Amount: $1,700,000
Loan Term: 12Â months
LTV:Â Under 50%
Loan Position: First deed of trust on all properties.Â
Pictured above is a 13-unit multi-family building.
Pictured below is an 8-unit multifamily property and a duplex.
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Did you know Rubicon can lend to Trusts and Estates? In this scenario, a repeat borrower contacted Rubicon to assist with a refinance of existing debt while working as a court-appointed interim trustee. As an asset based lender, Rubicon can loan to Trusts and Estates by using the equity in the real property as collateral for the loan.
Loan Amount: $300,000
Loan Term: 12Â months
LTC: 50%
Loan Position: 1st Deed of Trustv
$300,000 Refinance in Benicia, California
Rubicon recently funded the refinance of two buildings located in Benicia, CA. The buildings total 7,505± square feet of space. Both properties are held in a trust, and sometimes it is difficult for a trust to qualify for a traditional loan. Luckily, Rubicon specializes in making loans to trusts – focusing on the equity of the real property held by the trust.
Loan Term: 1 Year
Loan Position: First Deed of TrustÂ
LTV: 40%
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To learn more about our loan process, visit us here.
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Using a hard money lender to refinance a trust property can be a better option than selling the property for several reasons:
Retaining ownership: Refinancing allows you to maintain ownership of the property, which can be beneficial if it has appreciated in value or holds sentimental value. Selling the property would require giving up ownership.
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Flexibility: Hard money lenders like Rubicon are often more flexible than traditional lenders, particularly when dealing with unique situations like trust properties. They may be willing to provide financing when other lenders won’t.
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Speed: Rubicons Hard money loans can typically be processed and funded much faster than traditional mortgages, which can be advantageous if you need quick access to cash or want to take advantage of market opportunities.
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Limited credit and income requirements: Rubicon places more emphasis on the property’s value and equity rather than credit scores or income documentation, making it easier for borrowers with less-than-perfect credit or complex income situations.
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Potential tax benefits: Refinancing may allow you to avoid capital gains taxes that would be incurred from selling the property, depending on your specific situation.
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Retaining the asset: If the trust property has potential for appreciation or generates income, refinancing allows you to keep the asset and benefit from its future growth or revenue stream.
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Rubicons hard money loans offer the borrower the ability to retain ownership and access equity quickly can make refinancing a more attractive option than selling the trust property outright.
Rubicon secured cash-out financing on the property held through a family trust. Cash-out was needed to pay for the property taxes and provide operating capital to restructure the trust.  Sometimes it can be difficult for a trust to get a traditional loan due to issues such as lack of income or creditworthiness. Rubicon specializes in making loans to trusts by focusing on the equity in the real property held by the trust.
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Loan Amount: $500,000
Loan Term: 1 Year
LTV: 40%
After a family inheritance of a free-and-clear multi-unit property to 3 siblings, 1 of the siblings wanted to be paid out leaving 2 brothers on title. They came to Rubicon for a $300,000 loan for this Family Trust Buy-out. The 5,000 square foot lot hosts a 2-story, 4-plex – each with 2 bedrooms and 1 bath and a parking spot – residential building with active renters. Loan period is for 1 year and the LTV is less than 50%. Rubicon holds the 1st Deed of Trust.
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