Short Term Loan in Rocklin
With a loan to cost of 55%, Rubicon funded a $240K short-term acquisition loan on a SFR. Loan period is 355 days and RMF holds 1st DT.Loan Amount: $240,000Loan Period: 11.85 MonthsLTC: 55%Loan...
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 Rubicon’s internal valuation.