$190K Acquisition in Concord, CA
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