Multi-Family Dwelling Purchase in Castro Valley

Rubicon closed this loan 1 day earlier than the contractual close! Three Non-Owner Occupied Single Family Residences are located on 1 parcel. Borrower requested $600,000 from Rubicon to complete this Investment Acquisition. Property dwellings contain 9 bedrooms, 6 bathrooms and is approximately 5,850 Square Feet combined. Loan to Cost is under 50%, loan term is 1 year and RMF holds the 1st Deed of Trust.

Loan Amount: $600,000

Loan Term: 12 Months

LTC: 50%

Loan Position: 1st Deed of Trust