$1,700,000 Refinance in Santa Clara, CA
- Borrower had a difficult time qualifying for conventional financing de to poor cash flow, and Rubicon stepped in when they had less than a month to pay off existing lender.
- Rubicon included a 12 month interest reserve, enabling the borrower to stabilize their property and cash reserves.
- Loan Term: 6 Months
- Loan Position: 1st Deed of Trust
- LTV: 55%