Rubicon continues to be a reliable funding source for Borrowers and Brokers

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/

 

 

Rubicon Mortgage typically wants to see our borrowers be able to pay their loan so we try to limit the loan to value and minimize higher leverage deals. See some of those deals here.

Is higher leverage on a transaction worth it?

When applying for a loan, 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 and 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 Mortgage typically wants to see our borrowers be able to pay their loan so we ry to limit the loan to value and minimize higher leverage deals. See some of those deals here.

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

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”

multi-tenant Industrial in Glendale, CA
Purchase of a Glendale Multi-tenant building

A list of Rubicon’s recently funded loans can be found here: Rubicon Funds recently funded commercial transactions (rubiconmortgagefund.com)

 

Reach out to our office at 925-283-8919 for help on your next transaction.

$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.

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/

 

Play Video about Seller Carry back Financing Rubicon Mortgage Fund
Seller carryback financing: When a seller becomes the bank
 
If you are looking to cash in on a seller carryback note or become a borrower, here is what to expect from Rubicon:

Accelerated turnaround time on quotes and terms. Reliability to complete your transaction fast and efficiently. Extensive knowledge of creative and secured loan transactions. Rubicon will fund all property types funded except owner-occupied residential. We do Note Hypothecations or loans for Note Purchases but we do buy notes. Rubicon also physically inspects each property we lend on. 

LENDING GUIDELINES:

Property Location:California lending only
Loan Amounts: $250,000 – $15,000,000
Loan-to-Value (LTV):  Up to 65% LTV
Rates: starting at 8.00% interest only
Fees:  Starting at 1.5% (points)
Loan Position:  1st Position Only
Loan Term:  Up to five years
Prepayment Penalty:Negotiable
Use of Proceeds: Business and Commercial purposes (exceptions may apply)

Asset-Based Private Money Lending
makes sense when:

Private lending makes sense when your current loan is coming due and you are unable to refinance or qualify for a conventional loan. It also makes sense when you need to buy out a partner or spouse or if you are in need of cash out for property improvements. Transaction speed matters and you have a hard deadline you need to meet for funding. 

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 Peña 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.”

Acquisition in Saratoga, CA

$250,000 Cash-out loan in Manteca, CA

Rubicon recently funded a cash-out loan to give our borrower working capital. This single family residential property is non-owner occupied and is used as a rental. 

Loan Term: 2 Years

Loan Position: First deed of Trust

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

Rubicon Mortgage Fund

(925) 283-8919
© 2022 Rubicon Mortgage Fund