Non-Owner Occupied SFR Refinance

A repeat borrower came to Rubicon for a $600K loan on property located in the very leafy and desirable neighborhood of Upper Happy Valley in Lafayette.  This non-owner occupied single family residence has 5 bedrooms and 4 baths with over 3,000 square feet on over 1/2 acre of land. With a Loan to value of 30%, this refinance will go towards other business purposes. RMF holds 1st DOT and loan is for 12 months.

Loan Amount: $600,00

Loan Term: 12 Months

LTV: 30%

Loan Position: 1st Deed of Trust