Short Term Loan for Menlo Park Residential Property Trust Buyout

Rubicon Mortgage Fund provided a $450,000 private money loan for a 1,600 square foot single family home in Menlo Park, CA at 35% LTV (loan-to-value). Our borrower inherited 50% ownership of the trust prior to contacting us. Our 1st trust deed short-term loan was to assist her with a buyout of the remainder of the trust held by her sister. The borrower owns additional real estate in Northern California and plans to sell her current residence to pay down a significant portion of her loan. The term for this private mortgage is 1 year.

Loan Amount: $450,000

Loan Term: 12 Months

LTV: 35%

Loan Position: First Deed of Trust