Palm Springs Acquisition
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%.