Rubicon structured a loan cross collateralizing these two properties to get our client the funding needed to pay off an existing loan, and in turn avoid paying a substantial late penalty fee. Walnut Creek condominium property is already in contract to be sold, and Rubicon will soon be paid off!

Loan Amount: $408,000

Loan Term: 11 Months

CLTV: 60%

Loan Position: 1st Deed of Trust on both properties