Contra Costa County Rental Property Short Term Loan
Several weeks ago Rubicon Mortgage Fund funded a $315,000 short-term loan secured by a 2,100 square foot, vacant single family home located in Martinez, CA. Rubicon has worked with the borrower in the past and successfully funded other deals with him. Â The conservative value of the leased investment property is $500,000.The borrower plans to rehab the home and hold it as a rental property. Â The term for this hard money loan is one year.Â