SHORT-TERM LOAN IN PLEASANTON, CALIFORNIA

The borrower wished to complete a short-term loan using both a Brentwood property as well as a Pleasanton property. When looking to purchase a new property before selling a relinquished property, a short-term loan is a perfect option. After securing financing with Rubicon, our client was able to put an all cash offer on the new property being purchased.

Loan Amount: $960,000

Loan Term: 6 Months

Loan Position: First Deed of Trust on both properties

LTV: 40%