$500,000 Loan to Trust in Berkeley, CA
Rubicon secured cash-out financing on the property held through a family trust. Cash-out was needed to pay for the property taxes and provide operating capital to restructure the trust. Sometimes it can be difficult for a trust to get a traditional loan due to issues such as lack of income or creditworthiness. Rubicon specializes in making loans to trusts by focusing on the equity in the real property held by the trust.
Loan Amount: $500,000
Loan Term: 1 Year