$400,000 Cash-out in Oakland, CA
- Our borrower contacted us in need of cash to purchase a property out of state.
- Borrower plans to keep property as investment and to refinance with a conventional lender down the road to pay off Rubicon.
- Collateral property is a 4 story building with work and living units above commercial ground floor units.
- Loan Term: 1 Year
- Loan Position: 1st Position Deed of Trust
- LTV: 60%