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July 23, 2021

$408,000 Short Term Loan in Walnut Creek, CA

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

Previous deal $320,000 Acquisition in Georgetown, CA Next deal $580,000 1031 Exchange in Mountain View, CA
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Rubicon Mortgage Fund, LLC is California's premier direct private money lender for commercial real estate. In-house underwriting. No appraisals. Initial response typically within 24 hours.

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(925) 283-8919