Rubicon funded $800,000 to a repeat borrower for her investment portfolio acquisition. Investment purchase of a 4 bedroom/2 bath duplex at the end of a cul-de-sac in well-maintained Berkeley neighborhood. Secured by cross collateral borrower had, the combined loan to value is 62% for this 12 month loan.
Located near the Meritage Resort in Napa, this Executive Suite Building is flexible for a variety of uses including Office, Medical, Winery Service and Sale Operations. Borrower needed a refinance for other business purposes and Rubicon funded the $1.2M. Borrower only needed a 1 year term and the property met Rubicon’s preferred loan to value of 60%.
A family in Oakland had outgrown their lovely home and found the perfect house in Orinda. Their challenge was they still owned their Oakland home and the Orinda home was primed to sell fast. Coming to Rubicon for a $1.2M bridge loan solved the dilemma. Term of loan is 6 months and the combined LTV is 65%.
Sporting a 10,000 square foot lot, over 7,200 square foot of building space and a modern exterior, an industrial warehouse in Richmond came on the market. Borrower needed $800,000 to complete the $1.25M purchase. Meeting Rubicon’s Loan to cost ratio of less than 65%, the 2 year loan met RMF’s internal evaluation. Zoned for manufacturing and close to I-80 freeway.
The trustees of a revocable trust wanted an investment purchase to add to their portfolio. Coming to Rubicon Mortgage Fund for $400,000 – which RMF funded – allowed them to complete the acquisition. The single family residence had been a successful vacation rental in the past and borrowers plan to do the same. Located in the Racquet Club Estates, the location is one of the most desirable hip mid-century neighborhoods in Palm Springs! Loan term is 12 months and the loan to cost is 62%.
Rubicon funded a $1.7M loan for a business investment purchase in Berkeley. The properties consist of a total of 4 buildings on 2 lots. Three of the buildings are located on one street and the 4th building is owned by borrower (with no debt) and used as cross collateral for the loan. The combined loan-to-value is 60%. Rubicon holds the 1st Deed of Trust on all for the 1 year loan.
Borrower had 2 Single Family Residences in East Palo Alto that were prime for a fix-and-flip. Needing $700,000 to finance the projects, he came to Rubicon for a cash-out refi. RMF funded the loan for a 2 year term. The combined loan-to-value is 60%.
Borrower used existing 250-unit apartment complex in San Andreas as cross collateral for this loan. Rubicon funded $420,000 to help borrower complete his purchase of a 7-unit multi-family unit in Lodi and add to his investment portfolio. The combined loan to value was under 40% and the loan term is 12 months.
A 2-story retail commercial building with over 6,300 square feet of leasable space was available in the heart of Orinda. Borrower came to Rubicon for a $1.325M loan to complete the purchase near theatre square. The loan to cost was 62% and the term is for one year. A prime business acquisition investment opportunity.
A single family residence prime to fixed up and sold was the focus of this loan. Borrower needed $300K that Rubicon funded to complete the business purpose refinance. Length of loan is 9 months and Rubicon’s LTV is 60%.
Needing more space for their growing and active kids, borrowers found a larger-sized SFR at the end of a cul-de-sac in Alamo – a stone’s throw from elementary school! The challenge was family still lived in their current home in Walnut Creek. Rubicon provided the bridge loan of $850K to transition the borrowers from one home to the next. Loan term was 6 months and borrower paid off loan once sale of Walnut Creek home was sold. The combined LTV was 65% and kids are all settled to start the new school year.