Rubicon Mortgage Fund, LLC recently funded a $250,000 loan on a Residential property located in Rancho Palos Verdes, CA. The purpose of this loan was to give the client sufficient time to update the property for conversion to a rental property. The house is currently held in a Trust, which sometimes makes it difficult for borrowers to qualify for a conventional loan. Since Rubicon is asset-based, we focus on the equity held in the real property to make this loan possible. Rubicon’s loan to value was less than 40% and the loan term is two years. For collateral, Rubicon is in first position deed of trust on the subject property.