Cash-out Refi in Orinda Village
The borrower has 20,000 square foot lot in Orinda Village. He came to Rubicon for a cash-out refi loan of $575,000 for project expenses such as architectural and engineering work, civil and building, grading, and drainage permits along with attorney fees. The property type is Entitled Commercial Land – close to 1/2 acre – within walking distance of Orinda Bart, shops, and restaurants.
Loan Amount: $575,000
Loan Term: 12 months
Loan Position: 1st Deed of Trust
