Merced Construction Loan Video Walk Through!

Please click the video below to learn more about how Rubicon structured a $1,800,000 construction loan in Merced, CA. Our borrower was planning to obtain a construction loan through a conventional lender. Unfortunately the transaction was declined at the last minute. Rubicon secured a 1st Deed of Trust on the vacant 42,000 square foot building and, within two weeks, provided capital for the borrower to complete tenant improvements. Today, Planet Fitness occupies 21,000 square feet of the gross building area. Best Buy recently signed a lease for the remaining space, but have not yet moved in.

As a direct private lender, Rubicon is able to creatively structure loans to best suit our borrowers needs and fund quickly.

Quote from our borrower: “My experience with Rubicon from the beginning to present has been easy, painless, and extremely comfortable” – P.I.

Loan Amount: $1,800,000

Loan Term: 1 Year

LTC: Less than 50%

Loan Position: First Deed of Trust

Annual Wild Game Feed – Hosted by Rubicon Mortgage Fund

Rubicon had a fun and exciting time hosting its annual Wild Game Feed.  Co-hosted by Doug Watson (principal of Rubicon Mortgage Fund) and the California Waterfowl Association, the game feed was a great way for some of our clients and business partners to market and meet new people.  It was attended by Title company representatives, insurance agents, loan originators, bankers, brokers, and more. The attendees enjoyed a five course lunch consisting of duck, elk, and venison!

 

Some of Rubicon’s internal office staff (left to right) Shadi Ayoughi, Shannon Shen-Chen, Meghan Simms, and Cheryl Duncan.

Rubicon Mortgage Fund’s Fourth Quarter Review, Yearly Review, and Outlook for 2015

4th Quarter in Review:

Fourteen new loans totaling approximately $6,100,000 were made this quarter. The Fund also received five pay offs from current borrowers. Approximately twenty investors either added to their existing accounts or opened a new account totaling just under $3,000,000. The Calpine Lodge, one of our two REOs, was finally sold for $500,000! After this sale the Fund holds only one REO that represents less than 1% of the Funds’ assets.

Year in Review:

The Fund had a fantastic year! Returns remained consistent to its investors; the compounded return was once again over 7%. The Fund added over $14,000,000 in new investor monies. This growth has allowed RMF to spread its risk over 62 loans up from approximately 40 loans at the end of 2013. Two of the three REOs have been sold. Management made over 40 loans in 2014 keeping our portfolio current and fresh. Roughly 20 loans were paid off during the year enabling management to recycle the money and minimize our risk.

Transparency:

All Rubicon Mortgage Fund investors receive monthly account statements either electronically or paper, the quarterly update from the manager (like this one), and a copy of the Fund’s annual audit. All of Fund’s annual audits since its 2008 inception as well as the quarterly updates are posted online on our website www.Rubiconfund.net if you missed any or wish to go back and review them. Also if you have signed up for monthly distributions you should be receiving either an ACH deposited directly into your bank account or a hard check sent to your mailing address. Finally all investors should be receiving an email electronic “blast” every time a loan is funded. We want you to see where your money is invested.

Outlook for 2015:

We have all had the luxury of a strong real estate market the past few years. This will not happen forever. By no means are we projecting a bad year for the real estate market but we will need to proceed with more caution now that the market has recovered from such a low. Today’s prices are much more reasonable and in some cases are becoming expensive. It is not the time to “stretch” for loans or “force” a deal. Cash is not a problem. You have heard this from us before but we will continue to “take what the marketplace gives us.” Capital preservation is the most important goal for our fund and its investors. Although interest rates are historically low, we believe that similar returns in 2015 will be achieved as was in 2013 and 2014. Hopefully, interest rates will increase thus, creating higher returns for the Fund. As you may remember from past quarterly letters, our loans are short term so when rates increase we will have the flexibility to adjust our pricing, so interest rate risk is minimized.


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Graph of Rubicon’s returns since 2008: (this represents an actual account that has compounding returns)

Sincerely,

Rubicon Mortgage Fund, LLC

Rubicon Mortgage Fund Sponsors Belden Club Golf Tournament

 Last month Rubicon Mortgage Fund was the premier sponsor of a golf tournament hosted by the Belden Club. The event took place on October 10th at Harding Park golf course in San Francisco with approximately 120 players. We were one of the only sponsors with a table set up. We handed out lens cleaners and water as give-a-ways. We also had a raffle drawing for a $100 Target gift card.

The Belden Club is an association for real estate professionals in the San Francisco Bay Area. The Club, established in 1981, includes some of the most prominent real estate professionals in the region focused on the development, acquisition, management, brokerage, and financing of investment real estate. Rubicon’s principals are proud to be members of the Belden Club.

Rubicon Mortgage Fund is a private money lender offering short-term hard money short-term loans secured by investment real estate in Northern California and other areas throughout the Western U.S. Our loan amounts range from $100,000 to $5 million with a maximum LTV of 65%. Learn more about our lending criteria.


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Rubicon Mortgage Fund’s New Website

Rubicon mortgage fund is pleased to announce the launch of our new website: www.rubiconfund.net. Using a robust platform we now have a website with a sleek design, a built-in blog platform, galleries of our funded properties and much more. Please post any feedback and/or suggestions you may have about the site’s design. 

Rubicon Mortgage Fund

(925) 283-8919
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