$1,900,000 Short Term loan in Lafayette, CA
Borrower needed short-term financing to purchase new property in Lafayette. With Rubicon’s help the borrower leveraged a quick close to relocate to a different location. Upon the sale of their existing property, most of the proceeds will pay down the loan with Rubicon and any existing debt can be refinanced through a conventional lender.
Loan Amount: $1,900,000
Loan Term: 9 Months
CLTV: 35%
Loan Position: First Deed of Trust on subject property in Lafayette (pictured above) Second Deed on additional collateral in Oakland, CA (pictured below).
Rubicon
funded $525,000 towards the acquisition of this retail building located in Sacramento, CA. Borrower needed a quick close and streamlined process. Building
is currently being occupied by the seller who will lease back after the sale.
LTC: Under
60%
Loan
Position: 1st Deed of Trust
Rubicon funded a $500,000 cash-out in Fremont. This loan was for a repeat borrower who needed operating capital to fund a purchase order. Building is mixed-use and the unit used as collateral is over 2,500 SF of office space.
LTV: Under 60%
Loan Position: 1st Deed of Trust
The borrower for this transaction is a current Rubicon Mortgage Fund Investor that needed funding to purchase this non-owner-occupied investment property located in Piedmont. The investor also pledged their investment account with Rubicon as additional collateral in order to make this quick close offer in Piedmont. The intent is to fix up the property and put it back on the market to sell. Part of the loan amount includes a 1-year interest reserve and working capital to fix up the property.
Loan Amount: $2,400,000
Loan Term: 12 Months
LTC: under 65%
Loan Position: First Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
Rubicon funded the acquisition of this 55,000 SF industrial warehouse located in Oroville, California. As an asset-based lender, Rubicon can provide financing on Vacant properties. This allows us to help borrowers who may not otherwise qualify for conventional financing options. The building was delivered vacant upon the close of escrow. Property has a ground lease in place.
Loan Amount: $1,350,000
Loan Term: 24 Months
LTC: 50%
Loan Position: First Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
Our client wished to purchase a new property prior to the sale of their existing property. Rubicon helped the borrower with a short-term loan using cross-collateralization. The loan is secured in first position by the purchase property.
Loan Amount: $980,000
Loan Term: 9 Months
Loan Position: 1st Deed of Trust on both properties
Rubicon was contacted by Dana Green, real estate agent, on this property in need of an expedited turnaround to secure a loan for a client. Our team provided a letter of intent and went to tour the property on the same day. The documents were to escrow within 24 hours of being contacted, and the loan funded within 3 business days.
Quote from Borrower:
“I buy a lot of commercial real estate too and have to say I have never had a more enjoyable experience with a lender…. I will be trying working with you again” P.R.
Quote from Dana Green: https://danagreenteam.com “We are grateful to Vance Hillstrom and Rubicon Fund for rapidly stepping in to assist clients… The speed, efficiency, and client-centric care shown was tremendous. The transaction was executed flawlessly. We highly recommend the entire Rubicon team.”
Loan Amount: $4,600,000
Loan Term: 6 Months
CLTV: Under 65%
Loan Position: First Deed of Trust on acquisition, Second Deed of Trust on existing property
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
Rubicon provided $1,500,000 for a refinance of a 5,124 square foot retail building in South San Francisco, CA. Building is zoned as business / commercial and is home to a See’s Candies with additional office space above.
Loan Amount: $1,500,000
Loan Term: 36 Months
LTV: Under 50%
Loan Position: First Position Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
Rubicon provided a loan for $960,000, allowing the borrower to complete their purchase of this 5,000 square foot industrial building situated on 1.5 acres. Client already has a tenant in place renting the property.
Loan Amount: $960,000
Loan Term: 12 Months
LTC: 60%
Loan Position: First Position Deed of Trust
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.
Rubicon provided the funds needed to secure the investment acquisition of this 65-unit 21,000 square foot historic San Francisco hotel. The hotel was founded in 1906 and features a European style, furnished with Victorian era heirlooms and historic photographs. Ground floor tenant is home to an iconic San Francisco restaurant in a premium North Beach location. This hotel is within walking distance of popular San Francisco locations such as Ghirardelli Square, Pier 39, and Lombard Street. Borrower is a seasoned hotel operator.
Loan Amount: $6,600,000
Loan Term: 36 Months
LTC: 62%
Lien Position: First Position Deed of Trust
Rubicon funded this non-owner occupied condominium acquisition for $190,000 in Concord, CA. Borrower made this purchase as an investment acquisition to rent out the property. Borrower was facing a delay in acquiring funding from a conventional lender but was looking to make the purchase and that’s where Rubicon stepped in and funded.
Borrower is foreign national investing in California and lives outside the U.S.
Loan Amount: $190,000
Loan Term: 24 Months
Lien Position: 1st Deed of Trust
Rubicon Mortgage funded this loan for $410,000 in Napa, CA. Borrower made this purchase as an investment acquisition.
Borrower owns a successful Mexican restaurant in Napa, CA and has decided to move into real estate investments after his successful restaurant endeavors. The duplex will be kept and used as a rental.
Loan Amount: $410,000
Loan Term: 24 Months
Lien Position: 1st Deed of Trust