Construction Loan in Oakland, CA

Rubicon Mortgage Fund, LLC funded an $1,100,000 loan on two single-family residences and one condominium, cross collateralized with two residential lots, one currently under construction located in Oakland, CA. The purpose of the loan was to finance construction of a single family residence.  The one year loan term will give the client sufficient time for the owner to sell the property. Rubicon’s loan to value was 50% on this particular transaction.

Loan Amount: $1,100,000

Loan Term: 12 Months

LTV: 50%