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: 12 months
LTV: Under 50%
Loan Position: First deed of trust on all properties.
Pictured above is a 13-unit multi-family building.
Pictured below is an 8-unit multifamily property and a duplex.