$858,000 Short term loan in Manteca, CA
The borrower wanted to buy before the sale of her current property. Upon the sale of her Cupertino property, the loan will be paid off in full.
Loan Amount: $858,000
Loan Term: 9 months
LTV: 33%
Loan Position: 1st Deed of Trust
A
reverse 1031 exchange occurs when property owners purchase a property prior to
selling a property that they want to capture a tax advantage via a 1031
exchange. Normally in 1031 owners sell a property first before purchasing
one.
In
a reverse exchange, a qualified intermediary takes title on the property, which
leads to owners having difficulties finding lenders. Conventional lenders often
donât want to get involved for several reasons.
Since
Rubicon is a private direct lender and we donât have the restrictions of banks
we can provide our clients with the funds needed to acquire their replacement
property and complete their exchange in a short period of time.
Loan
Term: 6 Months
Loan
Position: 1st Position Deed of Trust on both purchase property (pictured above)
and 1st Position Deed of Trust on additional collateral (pictured below). 2nd Deed
of trust on a second additional collateral property (pictured at the bottom of
the page)
CLTV: 60%
A long time and established repeat borrower with a strong balance sheet needed a quick closing to secure this investment acquisition. The property is located in Sacramento, CA (pictures above), with additional collateral also located in Sacramento (pictured below).Â
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Loan Amount:Â $905,000
Loan Term: 12 Months
LTC: 60%
Loan Position: 1st Deed of Trust on both properties
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Rubicon funded $800,000 towards the acquisition of this gas station in Sacramento for a repeat borrower.  Property is a gas station which is triple net leased to a strong credit tenant. The manager of this gas station has over 300 locations and is a seasoned operator. There were some contamination issues on site, but due to the strong nature of the tenant, Rubicon closed on time for the borrower to complete the purchase. Â
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Loan Amount:Â $800,000
Loan Term: 24 Months
LTC/LTV: 57%
Loan Position: 1st Deed of Trust
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Acquisition loan to a repeat borrower in Sacramento, California. Borrower leveraged Rubicon to negotiate a lower purchase price in lieu of a quick close. The home is 6,560 sf situated on 5 acres. The intention is to lease the home once the Rubicon loan is paid off. Until then the property will be kept vacant.
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Loan Amount:Â $1,380,000
Loan Term: 24 Months
LTC: 60%
Loan Position: 1st Deed of Trust
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Rubicon funded the acquisition of this condominium in Sacramento. The referring broker brought us the deal when their client was having difficulty securing conventional financing. Property is an investment purchase and is non-owner-occupied.
Loan Amount: $257,000
Loan Term: 12 Months
LTC: 65%
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. For more information on our loan program, click here.
Borrower needed short-term financing to purchase new property in Lafayette. With Rubiconâs help the borrower leveraged a quick close to relocate to a different location. Upon the sale of their existing property, most of the proceeds will pay down the loan with Rubicon and any existing debt can be refinanced through a conventional lender.
Loan Amount:Â $1,900,000
Loan Term: 9 Months
CLTV: 35%
Loan Position: First Deed of Trust on subject property in Lafayette (pictured above) Second Deed on additional collateral in Oakland, CA (pictured below).
The borrower is buying the property for their business. Due to poor cash flow. The client was not able to qualify for SBA financing. Client will refinance sometime in year 2.
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Loan Amount: $470,000
Loan Term:Â 24 Months
LTC:Â 62.5%
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.
Rubicon recently funded a $3,200,000 Reverse 1031 Exchange. The exchange involved two non-owner-occupied homes. One home is in Fremont, CA (relinquished property) the other home is and Kensington, CA (new purchase). Reverse Exchange financing can be difficult to obtain. Rubicon was able to creatively structure a loan that allowed the borrowers the opportunity to perfect their exchange.
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Loan Amount: $3,200,000
Loan Term: 12 Months
Loan Position: First Deed of Trust on both 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.
This borrowerâs business had some financial hurdles in the past few years but business is now booming! He needed some capital to put back into his business and equipment but was unable to secure a bank loan. Timing was of the essence as he was trying to keep up with current demand. Rubicon provided a quick refi/cash-out loan giving him the money he needed to continue to build his business and balance sheet. Borrower intends on doing a seller lease back and staying in the building.
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Loan Amount: $3,000,000
Loan Term:Â 6 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.
Borrower wishes to buy prior to the sale of their current property. Additional collateral is a property in San Mateo. First position on subject property and second position on additional collateral. Â
LTV Under 60%. Â
Loan Position: First Deed of Trust
Our client wished to purchase a new property prior to the sale of their existing property. Rubicon helped the borrower with a short-term loan using cross-collateralization. The loan is secured in first position by the purchase property.
Loan Amount:Â $980,000
Loan Term: 9Â Months
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Loan Position: 1st Deed of Trust on both properties