Piedmont, CA Short Term Loan

Short-Term loan in Piedmont, California. Rubicon as able to help secure financing for the borrower and allow them to purchase the Piedmont property while working to sell their existing San Francisco home. The loan was secured by two first deeds of trust and had a combined loan to value of 60%. Borrower plans to sell their San Francisco property to pay Rubicon off. 

Loan Amount: $2,550,000

Loan Term: 6 Months

CLTV: 60%

Loan Position: First deed of trust on the new property in Piedmont, 2nd position on the existing property in San Francisco.