$1,220,000 Bridge Loan in Moraga, CA
- This Bridge Loan enabled our borrower to purchase their new property before selling their existing property.
- Borrower needed a quick close to secure the purchase – in many real estate transactions, time is a crucial factor. Rubicon can offer a letter of Intent within 24 hours and can typically finance a bridge loan in as little as 10 days.
- This loan gave our Borrower the ability to make a more aggressive offer on their purchase and to buy before they sell, while giving them more flexibility on their timeframe to relocate.
- Loan Term: 6 Months
- Loan Position: 1st Position Deed of Trust on subject property in Moraga (Pictured above) and 2nd
Position Deed of Trust on existing property in El Cerrito, CA.
- CLTV: 60%