Refinance Loan in Salinas, CA
Rubicon Mortgage Fund, LLC closed a $300,000 refinance of existing debt on a mixed-use office and duplex in Salinas, CA. Loan to value was 55%.
The owner of a multi-tenant commercial retail building totaling 39,447 square feet, who needed to refinance existing debt, came to Rubicon for funding. RMF provided a hard money loan of $1,860,000 for 2 years at a LTV of 63%.Â
Within the week Rubicon Mortgage Fund, LLC funded a hard money loan of $600,000 on an Industrial Property located in Sacramento, CA. The purpose of this loan was a Refinance for Business Purposes. This newer building is in a well located area and the buyers are also acting as developers.
Loan Amount: $600,000
Loan Term: 12 Months
LTV: 60%
Rubicon Mortgage Fund, LLC recently funded a hard money in the amount of $300,000 on a combination Office / Industrial Property located in Hollister, CA. The purpose of this loan was to refinance an existing loan.  Rubicon’s loan to value was under 45%. Borrower purchased the property in 2006 for $1,000,000 and dramatically improved the property.
Rubicon Mortgage Fund, LLC recently funded a $3,000,000 hard money loan on a Multi-Family Residential property located in the Premium Berkeley UC Campus area in North Berkeley, CA. The purpose of this loan was Refinance.  Rubicon’s loan to value was under 65%.
Rubicon Mortgage Fund, LLC recently funded a $375,000 hard money loan on a Commercial / Industrial property located in Firebaugh, CA. The purpose of this loan was Refinance with Seller Carry Back. Rubicon’s loan to cost was 47%.
Rubicon Mortgage Fund, LLC recently funded a $2,420,000 loan on an Industrial and Retail property located in San Mateo, CA and San Francisco, CA. The purpose of this loan was a Refinance for Business Purposes. The two year loan term will give the client sufficient time to restructure the business capital. Rubicon’s loan to value was 53%.
Rubicon Mortgage Fund, LLC funded an $850,000 loan on an industrial condominium located in Livermore, CA. The purpose of the loan was to refinance existing debt. The one year loan term will give the client sufficient time to refinance with a traditional lender. Rubicon’s loan to value was 58% on this particular transaction.
Rubicon Mortgage Fund recently funded a $1,100,000 private money loan to refinance an industrial property in Antioch, CA. The property is a 42,000 square foot warehouse on a 3-acre lot, occupied by an automotive service business. The loan-to-value was around 60% and the loan term is 5 years.