Bridge Loan Alamo and Walnut Creek
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.