Rubicon funded a loan of $500,000 for borrower needing to refinance 28 acres of undeveloped prime land valued at $1.2M cross-collateralized with SFR valued at $1.8M on Lafayette/Moraga border. Loan to cost is 33%, deal is for one year.

Loan Amount: $500,000

Loan Term: 12 Months

LTC: 33%