Category: Refinance

$875,000 Refinance Loan in Oakland, CA

Recently funded a $875,000 refinance loan in Oakland, CA. This property was originally purchased for $1,380,000 in May of 2022. Our borrowers’ loan had matured, and their interest rate was set to increase along with the accrual of additional fees. Rubicon provided an 18-month term as well as more aggressive pricing between the rate and fee. Loan securitized by a 5,000± SQ FT Industrial building. The building is built out of reinforced concrete and includes one roll up door. 

Loan Position: First Deed of Trust. 

LTC: 63%­­­

To learn more about our loan process, click here. 

$1,075,000 Refinance Loan in Albany, CA

Recently funded Refinance Loan in Albany, CA. Our borrower needed a short-term loan to pay off their existing lender as well as to bring their property taxes current. The loan is secured in first position deed of trust on the 5,423± SQ FT Albany office building (pictured above), with additional collateral on a non-owner-occupied Single Family Residential investment property in El Cerrito (pictured below). This loan includes a 1-year term and is 55% combined loan to value. The borrower intends to sell the El Cerrito property as an exit strategy.

 

Loan Amount: $1,075,000
Loan Term: 12 months
CLTV: 55%
Loan Position: First on Subject Property, 2nd position on Additional Collateral

To learn more about our loan process, click here.

$300,000 Refinance in Benicia, CA

$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 Trust 

LTV: 40%

 

To learn more about our loan process, visit us here.

$600,000 Refinance in San Francisco, CA

Rubicon funded the refinance of this warehouse located in San Francisco, California! The borrowers in this scenario needed to close on time and Rubicon worked diligently to meet their deadline!
“I would like to thank you all for your diligent effort to meet my clients need to close their loan request in the time frame initially requested.” -Quote from referring Broker

Loan Amount: $600,000

Loan Term: 12 months

LTV: 30%

Loan Position: 1st Deed of Trust

$6,600,000 Refinance in San Francisco, CA

Quote from borrower:
“The team at Rubicon was great to work with and did
exactly what they said they’d do.”

This well-located San Francisco property is 29,369± square feet with over 40 underground parking stalls, and has been owned by the borrower for almost 20 years. Walgreens is the main tenant and a local gym (one of 8 locations) occupies the remaining space.  With Walgreens having only 14 months remaining on its lease, and without a signed extension from Walgreens, conventional lenders are not interested in extending credit. Because Rubicon is a direct private lender, it has flexibility to make this loan. 

 

Loan Amount: $6,600,000
Loan Term: 18 Months

LTV: 60%

Loan Position: 1st Deed of Trust

$5,900,000 Refinance in Santa Clara

Rubicon bridged the gap with a short-term loan when the borrower wanted to take advantage of a new SBA rate. For this refinance in Santa Clara, the SBA was unable to refinance itself so Rubicon made a short-term bridge loan for the borrower to qualify in between SBA loans. Being an asset-based lender Rubicon
was able to lend against the building to make this transaction happen for the borrower. The building, totaling 23,295 sq. ft. of industrial-flex space, is fully leased. 

Loan Amount: $5,900,000

Loan Term: 6 Months

LTV: 67%

Loan Position: 1st Deed of Trust 

In addition to this refinance loan in Santa Clara, Rubicon funds many unique transactions. Visit our current loan portfolio page here to see other recently funded loans.

To learn more about our lending process, visit our borrowers page here.

$900,000 Refinance/Cash-out on commercial T.I.C. in San Francisco, CA

Rubicon funded the refinance/cash-out of this 1,800 SF retail unit located on the ground floor of this San Francisco property located in the Lower Haight area.  A challenge on this transaction is that the property is held as a T.I.C. – tenants in common.  Many lenders are not able to finance transactions that are T.I.C., but Rubicon worked with an outside legal team to customize documents to fit the loan.  The downstairs of the property is currently a hair salon, and the exit strategy is to sell the unit to the tenant.

Loan Amount: $900,000

Loan Term: 12 Months

LTV: under 55%

Loan Position: First Deed of Trust

Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.

$240,000 Refinance in Merced, CA

Our borrower needed cash-out to pay off existing debt on another property. The collateral property is located in Merced, CA. Borrower owns multiple properties and wanted to restructure debt. Borrower is a seasoned property manager with a diverse portfolio of properties throughout the central valley.

 

LTV: 40%

 

Loan Position: First Deed of Trust

$3,800,000 Refinance in San Francisco

Rubicon funded the refinance of this newly renovated 14,605 square foot Office / Retail space located in the Mission District of San Francisco.  The current seller-carry-back loan matured and Rubicon was able to refinance the property. The building is a mixture of open space and meeting rooms with a furnished top-floor outdoor roof deck. 

Loan Amount: $3,800,000

Loan Term: 12 Months

LTV: Under 60%

Loan Position: First Deed of Trust

 

Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.

$3,800,000 Refinance in San Francisco
$3,800,000 Refinance in San Francisco
$3,800,000 Refinance in San Francisco

$1,500,000 Commercial Refinance Loan in South San Francisco

Rubicon provided $1,500,000 for a refinance of a 5,124 square foot retail building in South San Francisco, CA.  Building is zoned as business / commercial and is home to a See’s Candies with additional office space above. 

Loan Amount: $1,500,000

Loan Term: 36 Months

LTV: Under 50%

Loan Position: First Position Deed of Trust

Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs. 

$3,150,000 refinance/cash-out in Concord, CA

Rubicon funded a $3,150,000 refinance/cash-out of multiple rental properties located in Clayton and one located in Concord, California. The loan is secured in first position by one 5-plex in concord. This 5-plex is home to 5 separate houses each with a garage on the same parcel. The loan is also secured by two houses and a .93-acre vacant lot. These three properties have just finished entitlements and approvals on an 80-unit, 55, and older condominium complex. The loan also has a built-in interest reserve.

 

Loan Amount: $3,150,000

Loan Term: 24 Months

CLTV: Under 40%

Loan Position: First Deed of Trust on all properties.

Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.

$3,150,000 refinance/cash-out in Concord, CA
$3,150,000 refinance/cash-out in Concord, CA

$2,950,000 Purchase & Refinance in Stockton

A repeat borrower approached Rubicon with the intent of purchasing this Marina in Stockton, CA.  This marina is fully equipped with docks, a fuel station, a bar/restaurant, camp sites, and rentable cabins.  As a business, Rubicon prides itself on making the process easy for our borrower. This repeat borrower knew what to expect from our reliable and efficient team – a seamless transaction. 

A portion of the loan was used to refinance the borrowers existing loan and the remainder provided the additional capital needed to complete the purchase.  For additional collateral, this loan also includes a second marina located in Stockton.  

  • 5 Year Term
  • 1st Deed of Trust on both properties
  • 60% CLTV
Purchase & Refinance in Stockton

Rubicon Mortgage Fund