As a private debt fund, Rubicon can creatively structure financing solutions to fit each client’s individual needs. In this transaction, our borrower was unable to acquire conventional financing due to the face that the real estate was vacant at the time of closing. As an asset-based lender, Rubicon is able to fund using the asset itself as collateral. Rubicon funded on time, enabling our client to secure the property and begin renovations to create the coworking space they envisioned!

For more information on funding a transaction in California, please call our office at 925-283-8919.

To learn more about our lending guidelines, visit: https://rubiconmortgagefund.com/borrowers-lending-criteria/

Transcript of video:

As a private debt fund, Rubicon can creatively structure financing solutions to fit each client’s individual needs.  We love helping entrepreneurs and investors make their dreams become a reality especially when they run into roadblocks with conventional channels.

There can be numerous reasons someone doesn’t qualify for a conventional loan, and Rubicon can step in and be a funding source when banks cannot. 

In this transaction, conventional financing was not an option simply based on the fact that the real estate was a vacant office building being purchased as an investment.  Being that we lend primarily on the real property rather than the income or cash flow, we were able to provide a loan to help our client purchase the property. Our client bought the building with the intention of creating a new concept space – including a health and wellness portion on the ground floor and collaborative office space upstairs.  Rubicon also provided a loan to help her with the construction/renovation.

A video walkthrough of this space shows the transformation this property has went through over the past year. Once being a cubicle filled office space to a coworking health and wellness center. Known as “The Rising Zone,” this space creatives an innovative environment to connect with others and create a one stop shop for fitness, health, wellness, and a professional flexible work space. For more information on The Rising Zone, visit their website at www.Rising.Zone

When timing is of the essence or conventional financing is hard to obtain, Rubicon is a reliable local resource. Give me a call or visit our website at www.RubiconMortgageFund.com to learn more!

Rubicon continues to be a reliable funding source for borrowers and brokers.  When dealing with a lender there are many important details to consider in addition to pricing – these include performance, flexibility, reliability, and certainty of close. Rubicon Mortgage Fund, LLC is a direct private money lender specializing in real estate secured financing. Because we don’t utilize appraisals or have pre-established income/debt service ratios, we are able to finance transactions that may not otherwise be possible with conventional lenders.

All of our underwriting, legal work, and loan documentation are completed in-house. Having one layer of decision-making allows us to eliminate the loan committee process that normally slows down funding. In addition to timely funding, Rubicon’s ability to structure deals that make sense provides ultimate flexibility.

At Rubicon, we pride ourselves on being Northern California’s premier direct lender. With over 17 years of experience, Rubicon’s track record speaks for itself. Our competitive pricing, quick turnaround time, and reliable funding make Rubicon a trusted source for our referral partners and clients.

For more information on funding a transaction in California, please call our office at 925-283-8919.

To learn more about our lending guidelines, visit: https://rubiconmortgagefund.com/borrowers-lending-criteria/

When applying for a loan there are many things to consider, one of which is the loan to value.  Some lenders will lend up to 60% of the LTV/LTC on a transaction while others may lend up to 70%. With a higher leverage point often comes a higher interest rate and usually a higher fee. In this video, we compare the difference in annual interest rates for a 60% and a 70% LTV/LTC loan. We also discuss how much clients may end up paying for that additional 10% of leverage.

For more information on funding a transaction in California, please call our office at 925-283-8919.

Rubicon funded the purchase of a 15,000 square foot multi-tenant industrial building in Glendale, CA. The buyer/borrower occupied much of this building for his automotive wholesale distribution business for the last 20+ years. Rubicon secured an additional four-unit multifamily property in Los Angeles that the borrower owned free and clear as additional collateral. Our diligent in-house underwriting team enabled Rubicon to close ahead of schedule.

Quote from our Borrower
“Hi Casey Thank you for all your coaching and support throughout the intricate process of financing. Your dedication and perseverance made this happen.”

 

Quote from referring Broker
“Rubicon, thanks for the performance and for the RAPID funding”

Looking to cash in on a seller carryback note? In this video, Rubicon’s Jake, Casey, and Cesar discuss what seller carryback financing is and why we have been seeing so many more recent transactions take place using seller carryback financing.  

For any additional questions, please reach out to our office at 925-283-8919.

A detailed list of our lending criteria can be found at: 

https://rubiconmortgagefund.com/borrowers-lending-criteria/

Rubicon Mortgage Fund CEO Vance Hillstrom discusses Rubicon 2022 Year-End Performance and 2023 Financial Outlook for Rubicon Mortgage Fund and the private lending industry in general.