$1,700,000 Refinance and cash-out in Sacramento, CA

Refinance and cash-out
As a direct asset-based lender, Rubicon is in a unique position to lend to Trusts and Estates. In this recent closing, Rubicon made a loan to a family trust which enabled two siblings to help with taking over some properties held through a trust. This new private loan took the trust out of an expensive private note and gave some additional cash out for property improvements and clean up. The loan is secured by two multi-family units totaling 25-units, as well as a Duplex.
Loan Amount: $1,700,000
Loan Term: 12Â months
LTV:Â Under 50%
Loan Position: First deed of trust on all properties.Â
Pictured above is a 13-unit multi-family building.
Pictured below is an 8-unit multifamily property and a duplex.
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