$925,000 Bridge Loan in Sonoma, CA
- Rubicon financed the purchase of this single family residential home in Sonoma California.
- With the help of Rubicon, the buyer leveraged a quick close to secure the purchase – this bridge loan was a useful tool to enable the borrower to relocate to a different submarket.
- Upon sale of the existing property, most of the proceeds payoff the loan with Rubicon, and any
existing debt can be refinanced through a conventional lender.
- Loan Term: 6 Months
- Loan Position: 1st Position Deed of Trust on subject property in Sonoma (pictured above) and 2nd Position Deed of Trust on existing property in Santa Rosa (pictured below)
- CLTV: 60%