$3,500,000 Short Term Loan in Piedmont, CA
Loan from Rubicon enabled our borrower to purchase the subject property, while waiting to sell their existing property as an exit strategy.Loan Amount: $3,500,000Loan Term: 6 MonthsCombined LTV:...
Short-Term Loan
Short-Term Loans allow Borrowers to purchase their new property before selling their existing property. By using a Short-Term Loan, Borrowers will use their existing property as additional collateral to make an extremely competitive offer, and possibly even purchase the new property with no down payment. Rubicon Mortgage Fund can offer up to a 60% Loan using the combined value of the 2 properties, subject to Rubiconâs internal valuation.