North Oakland Duplex Purchase

In this scenario, our borrowers found a great investment acquisition opportunity located on the North Oakland/Berkeley border. Using the cross collateral of a 4-plex unit in Berkeley, they were able to secure a $1.25M loan with Rubicon Mortgage Fund bring the combined loan to value under 60%. Term of loan is 12 months and Rubicon holds the 1st Deed of Trust on both properties. Their plan is to refinance with a conventional lender down the road to pay Rubicon off. 

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