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Purchase of a 15,000 square foot multi-tenant industrial building in Glendale, CA

Rubicon recently 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”

$300,000 Refinance in Benicia, CA

Rubicon is in a unique position
to lend to Trusts and Estates

Did you know Rubicon can lend to Trusts and Estates? In this scenario, a repeat borrower contacted Rubicon to assist with a refinance of existing debt while working as a court-appointed interim trustee. As an asset based lender, Rubicon can loan to Trusts and Estates by using the equity in the real property as collateral for the loan.

Loan Amount: $300,000

Loan Term: 12 months

LTC: 50%

Loan Position: 1st Deed of Trustv

Seller carryback financing: When a seller becomes the bank.

Rubicon’s Jake, Casey, and Cesar discuss what seller carryback financing is and why we have been seeing more recent transactions take place using seller carryback financing. 

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

2022 Year-End Performance | 2023 Outlook

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.

CLICK TO VIEW SLIDES

Rubicon Market Update January 2023

Rubicon Mortgage Fund CEO Vance Hillstrom and Senior Vice President, Director of Sales, Cesar PeÃąa discuss the state of the Private Commercial Lending Industry in January 2023.

Rubicon funds $1,400,000 loan for non-profit in Pleasanton CA

This loan was to fund the purchase of this single-family home, in first position deed of trust. In order to accommodate the borrower’s request, Rubicon was able to take additional security with a commercial building currently being used as a Chabad House.

CLIENT QUOTE:
“Rubicon Mortgage Fund transformed our community’s acquisition from a stressful and complex undertaking into a smooth and trouble-free process. The members of their team were friendly, approachable, and took a genuine interest in our project. Our organization feels proud to have had Rubicon Mortgage Fund as partners and funders in building community life in the Tri-Valley.”

 

Rubicon understands the borrowers situation and finds the solution:

Property Location: Bryce Canyon – Pleasanton, California

Property Type: Single Family Residential & Commercial

Lien Position: 1st lien on house Deed of Trust on acquisition 2nd on commercial

Loan Purpose: Purchase a Single Family Property for internal purposes.

Loan Amount: $1,400,000

Loan Term: 9 months

Interest Rate: 6% Interest Only

Option to Extend: One 9-mo. option

Cesar Pena and Casey Hopkins interviewed at this year’s California Mortgage Association Summer Seminar

Rubicon team members Senior Vice President Cesar Pena and Senior Loan Officer Casey Hopkins attended this year’s California Mortgage Association Summer Seminar in San Diego.  They were interviewed during the event by Rocky Butani, CEO of Private Lender Link.  During the interview they discusses many things including how Rubicon will lend on Bridge Loans without the need of appraisals. Listen to the interview to learn more about the Bridge Loan process at Rubicon Mortgage Fund, and how we can be an asset to finance quickly on your next transaction!

Rubicon specializes in asset based loans throughout California & will create a customized private money loan to fit your needs.

Transaction speed matters – we can fund your deal in
less than two weeks. Click to learn more about the private money loans we offer and the property types we lend on.
Click here

$2,600,000 Acquisition in Saratoga, CA

Our borrower contacted us in need of a quick close in order to purchase this beautiful home in Saratoga, CA as an investment property.  At risk of losing the deposit to purchase the home, Rubicon needed to act fast and complete the transaction as quickly and efficiently as possible.

The Rubicon back office worked diligently with the borrower and escrow company to make sure all paperwork was correct and submit on time.  From start to finish, this loan was funded in 4 business days.

  • Loan Term: 1 Year
  • Loan Position: 1st Position Deed of Trust 
  • LTC: 60%
     

Quote from Borrower:  “Our traditional lender left us high and dry three days before closing and I was at risk of losing my deposit. I reached out to Vance and he helped close the transaction in 4 days flat – from start to finish, this had to be a record of some sort. The Rubicon team was extremely professional, very responsive and fully invested in helping get the deal done. Christie was on top of her game and helped coordinate the closing with all parties involved. Every investor should have Rubicon as a resource they can reach out to.”

Rubicon can structure a loan with a built in interest reserve

Interest reserves are used by borrowers with poor cash flow or those who want to hold onto their cash.

  • A loan with an interest reserve advances loan funds to the borrower, and from these funds the loan interest is paid.

  • The purpose of an interest reserve is to pay the cost of interest during the loan term without the borrower needing to come up with a monthly payment.

  • The lender will collect the loan payment each month directly from the interest reserve that was set up.

Click the video below to learn about interest reserves from Director of Sales Cesar Pena and Senior Loan Officer Casey Hopkins

In the era of COVID-19, Rubicon Mortgage Fund, LLC is still funding Construction Loans for qualified Borrowers

Rubicon Mortgage Fund has great expertise in Construction Loans. With our knowledgeable and efficient personnel, we are able to leverage our long-term relationships with Title Companies and Construction Consultants. When time is of the essence, Rubicon is able to work diligently to close loans quickly to provide operating capital to our borrowers.

ADDITIONAL DETAILS

â€Ē 6-month Term

â€Ē $1,500,000 Construction Loan

â€Ē 60% Loan to Value

â€Ē 1st Deed of Trust

Testimonial from our Borrower:

“Rubicon, was a fantastic partner. They were there for me at a very trying period during my project and provided me with a streamlined funding solution that allowed me to get back to work in a matter of days. Every project experiences fits and starts and I was very fortunate to have worked with Rubicon to bridge my needs at the time so that I could continue to move forward with realizing my dream.”

Click the video below to see the improvements Rubicon funded for this

Brewery and Taproom in Oakland, CA!

Rubicon’s Unique Position to help you and your Clients in a 1031 Exchange

A typical 1031 Exchange allows a client to sell their existing/relinquished property and gives them 45 days from the close of escrow to identify a replacement property (180 calendar days to complete the transaction). If an exchange meets the 1031 requirements, the investor could have little/no tax due at the time of the exchange.

Rubicon recently funded a 1031 exchange on this industrial building located in Stockton, California.

Our Borrower came to Rubicon Mortgage Fund, LLC through a mortgage broker in March 2020, around the time Shelter in Place orders were imposed on 5 Bay Area Counties due to COVID-19. The buyer had only 18 days to complete the 1031 exchange transaction of an Industrial Investment building in Stockton, CA. Due to the escalating situation with the pandemic, their conventional lender had halted their lending process.

The 18,754 square foot Industrial building is situated on a 10.10-acre parcel and was occupied by a long-term national vehicle shipping and transport business tenant. The buyer was in contract at $5,000,000. Rubicon offered a loan in 1st Deed of Trust of $1,250,000 (25% LTV) for a 6-month term. With Rubicon’s expeditious, efficient in-house underwriting and quick adaptation to Shelter in Place, this loan closed in 17 days, as requested by the borrower. This loan closed 4 days prior to the 1031 exchange deadline.


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Rubicon is in a unique position to fund loans to Trusts and Estates

For estate planning purposes, owners often hold their real property in a revocable living trust which may become irrevocable upon their death. Unfortunately, it may be more difficult for a trust to get a traditional loan due to lack of income or credit worthiness. Rubicon, however, specializes in making loans to trusts – focusing on the equity of the real property held by the Trust. Rubicon can also will work with the trustees and its attorneys to preserve potential parent-child property tax exclusion.

The following is a common scenario –


The original Trustors (parents) of a revocable living trust had both recently died. The Successor Trustee (one of the children) came to us looking for a loan. The Trust needed to make its final distribution to its three beneficiaries (the children) however its only asset was the family home. One of the children wanted to keep the house; the other two lived out of state and wanted cash. Rubicon was able to lend money to the Trust secured by the real property. The Trust then distributed the loan proceeds to the two children equally and distributed the real property (with the loan) to the remaining child. Working with the Trust’s attorney, the parties were able to avoid a property tax reassessment. Click on the video below to learn more about the process

The original Trustors (parents) of a revocable living trust had both recently died. The Successor Trustee (one of the children) came to us looking for a loan. The Trust needed to make its final distribution to its three beneficiaries (the children) however its only asset was the family home. One of the children wanted to keep the house; the other two lived out of state and wanted cash. Rubicon was able to lend money to the Trust secured by the real property. The Trust then distributed the loan proceeds to the two children equally and distributed the real property (with the loan) to the remaining child. Working with the Trust’s attorney, the parties were able to avoid a property tax reassessment.

Click on the video below to learn more about the process

Rubicon Mortgage Fund

(925) 283-8919
ÂĐ 2022 Rubicon Mortgage Fund