$4,000,000 Loan in Lafayette, California
Rubicon Funded a $4,000,000 loan secured by 7 fully entitled finished lots located in Lafayette, California. The 7 lots will be home to high-end luxury finished “Smart Homes” complete with solar, water/air filtration, security cameras, and much more.
The loan enabled the borrower time to consolidate debt and complete the buyout of an equity partnership. Two of the nine original lots are already sold and another two are in contract to be sold. Visit https://www.livethenines.com for more information.
Loan Amount: $4,000,000
Loan Term: 12 Months
CLTV: Under 40%
Loan Position: First Deed of Trust on all 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.