$800,000 Bridge Loan in Concord, CA
- Funding from Rubicon enabled the borrower to secure the purchase even with multiple other offers on the table.
- Bridge loans allow borrowers to purchase their new property before selling their existing property. By using a Bridge Loan, borrowers will use their existing property as collateral to make an extremely competitive offer, and possibly even purchase the new property with no down payment.
- Loan Term: 6 Months
- Loan Position: 1st Position Deed of Trust on both purchase property (pictured above) and 1st Position Deed of Trust on existing property (pictured below)
- LTV: 60%