Rubicon funded a $150,000 short-term loan for the purchase of a 2-unit residential property in the Sunset District of San Francisco. Both units are tenant-occupied and will be held as a long-term rental. The purchase price was $1,040,000 so our 1st trust deed loan is only 14% loan-to-cost. The loan term is 12 months with extension options.

Loan Amount: $150,000

Loan Term: 12 Months

LTC: 14%