$3,200,000 Reverse 1031 in Kensington, CA
Rubicon recently funded a $3,200,000 Reverse 1031 Exchange. The exchange involved two non-owner-occupied homes. One home is in Fremont, CA (relinquished property) the other home is and Kensington, CA (new purchase). Reverse Exchange financing can be difficult to obtain. Rubicon was able to creatively structure a loan that allowed the borrowers the opportunity to perfect their exchange.
Loan Amount: $3,200,000
Loan Term: 12 Months
Loan Position: First Deed of Trust on both properties
Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.