TRUST SETTLEMENT IN OAKLAND, CALIFORNIA

This borrower was referred to RMF by an Estate Planning attorney in the Bay Area. Her client had inherited the asset with his siblings, but the siblings had no interest in keeping the property. Rubicon provided a cash out loan so the borrower could buy out his siblings and retain ownership of the building without triggering a property tax reassessment.

Loan Amount: $650,000

Loan Position: First Deed of Trust

LTV: Under 60%