A portfolio real estate investor, and repeat borrower of Rubicon, needed to reposition their debt. RMF funded $1.9M on this 1 year loan against 3 properties in Berkeley combining for an LTV of 60%. The properties included a Single Family Residence in the Elmwood neighborhood, a 4-plex and a duplex - both within walking distance of Fourth Street, "the true pearl of the Bay Area," according to Vogue Magazine, for its "foodie scene and an impressive stretch of stores." Rubicon holds the 1st Deed of Trust on all 3 properties.
Borrower needed $550,000 for Land Entitlements on a different project unrelated to loan. Two Single Family Residences in Sacramento provided the collateral needed for this cash-out refinance. The combined loan to value is less than 50% on this 3-year loan.
After a family inheritance of a free-and-clear multi-unit property to 3 siblings, 1 of the siblings wanted to be paid out leaving 2 brothers on title. They came to Rubicon for a $300,000 loan for this Family Trust Buy-out. The 5,000 square foot lot hosts a 2-story, 4-plex - each with 2 bedrooms and 1 bath and a parking spot - residential building with active renters. Loan period is for 1 year and the LTV is less than 50%. Rubicon holds the 1st Deed of Trust.
Prime location in Emeryville! Borrower owns a very flexible Office/Commercial Condo a stone's throw from entry gates to Pixar (Disney) Studios. She came to Rubicon Mortgage Fund requesting a $500,000 loan for a refinance/cash-out for Tenant Improvements. The space contains 14,000 square feet, the Loan to Value is under 30%, RMF holds 1st DOT and the term is for 2 years.
Borrower has 20,000 square foot lot in Orinda Village. He came to Rubicon for a cash-out refi loan of $575,000 to project expenses such as architectural and engineering work, civil and building, grading and drainage permits along with attorney fees. The property type is Entitled Commercial Land - close to 1/2 acre - within walking distance of Orinda Bart, shops and restaurants. Term of loan is 1 year and RMF holds the 1st DOT.
This deal was to enable borrower to acquire two Non-Owner Occupied homes in El Dorado Hills, CA located on Folsom Lake. Loan amount was $515K. First home is over 2,500 square feet, has 3 bedrooms and 3 baths with lake views (5 minute walk to lake!). Seller purchased property as an investment but found herself underwater. Rubicon's borrower was able to purchase below market, plans minor renovations and will flip within 3-6 months. The second home is a 3/2 with over 1,800 square feet. and is energy efficient. Large deck has amazing Folsom Lake view and yard is beautifully landscaped and very private. Same seller as above and borrower purchased for $250,000. Exit strategy is to sell house 1, pay RMF with proceeds, and then rent or sell second home. Combined loan-to-cost is under 60%, and term is 6 months. Rubicon holds the 1st DOT on both homes.
A mobile home park with 41 unit spaces on 4.5 acres was the focus of this refinance. Borrower came to RMF and needed $700,000 to complete refi for park in Oroville, CA. Term is 4 years, LTV is 50% and Rubicon holds 1st Deed of Trust.
Rubicon funded a $3.1 Million loan to a borrower/owner of a close to 21,000 Square Foot Multi-Tenant building on a leafy downtown street in Santa Cruz. Loan is intended for property improvements on this 34-unit Office Building that also houses a Top-10 Reviewed Italian Restaurant on Yelp. Rubicon's loan to value is 63%, loan term is 2 years and RMF holds the First Deed of Trust.
A repeat borrower for Rubicon needed a $520K loan to purchase property in Turlock, CA. Using cross-collateral that included a 100-Room Hotel in Madera and an 8,500 Square Foot Luxury Home in Pleasanton with Views of city lights and vineyards, Rubicon provided the funds for 1 year. Proven borrower commercially develop the 1.25 acre lot. Loan has a combined LTV of under 60%.
Rubicon funded a $1.5M bridge loan on a Single Family Residence located in Old Palo Alto. This area is one of the most esteemed enclaves in the leafy, walkable neighborhoods close to Stanford University and is one of the most desirable areas in Silicon Valley. Rubicon's loan is for 11 months, has a loan-to-value of under 30% and RMF holds the 1st Deed of Trust.
Rubicon closed this loan 1 day earlier than contractual close! Three Non-Owner Occupied Single Family Residences are located on 1 parcel. Borrower requested $600,000 from Rubicon to complete this Investment Acquisition. Property dwellings contain 9 bedrooms, 6 bathrooms and is approximately 5,850 Square Feet combined. Loan to Cost is under 50%, loan term is 1 year and RMF holds the 1st Deed of Trust.
An existing debt refinance was the purpose of this $850,000 loan for Rubicon. This Commercial Retail building has approximately 5,600 square feet and is on 1.30 acre lot. Located in a prime location with high visibility from freeway. This is the heart of Tracy with the most through traffic. Loan term is for 1 year, LTV is 60% and RMF holds the 1st Deed of Trust.
A Family Trust Settlement was at the core of this loan. Borrowers came to Rubicon with a loan request of $600,000 for the purpose of a Cash-out Refinance to Fund the Trust's Final Distribution to the Beneficiaries. The property is a 2 bedroom, 1 bath non-owner occupied Single Family Residence in the Glen Park Neighborhood of San Francisco. Rubicon's loan to value is 60%, term of loan is 6 months and Rubicon holds the 1st Deed of Trust.
Rubicon funded $370,000 so borrower could complete his investment acquisition. The flexible space can be used as office or industrial condo and is over 2,800 square feet. The included Solar Electrical System has zeroed out the electrical bill. Building has insulated roof deck, warehouse racking available, security system with camera, 2 restrooms and is 1/2 hour from the Sacramento International Airport. Rubicon's Loan to Cost is 65%, term is 1 year and RMF holds 1st Deed of Trust.
Borrower needed $250K to complete acquisition of over 3,200 square foot Industrial Condo for Business Purposes. Zoning is perfect for mutiple businesses including service business, contractor, warehousing, manufacturing, storage, light industrial, wholesaling and more. There is over 1,000 square feet of office buildout and over 2,000 square feet of warehouse. Unit has 2 bathrooms, roll up door, skylights, glass store front, fully insulated with 200 amp power. Rubicon's loan to cost is 60%, term is 2 years and RMF holds the 1st Deed of Trust.
An opportunity to invest in the medical industry prompted borrower to get a cash-out refinance loan of $1.45M from Rubicon. Loan term is for 5 years on this Single Family Residence. This spectacular estate with panoramic views is over 7,100 Square Feet and sits on over 1 acre lot. House has 4 bedrooms and 4 bathrooms and a resort-style backyard which includes outdoor kitchen, pool and spa and fire pit. A separate guest house makes entertaining and having visitors a breeze. Loan to Value is 36% on this 1st Deed of Trust.
Rubicon funded $405K to borrower wanting to make an Business Investment Acquisition. This Multi-Family, 7 Unit Building has a history of an excellent return. Property includes 7 - 2 bedroom units with each having it's own garage. The loan to cost was 60% and term of loan is 1 year. Rubicon holds the first deed of trust.
RMF funded a $2.75M loan for a Single Family Residence Investment Acquisition. Property highlights include views of city lights and vineyards, indoor/outdoor conditioned living space, complete wine cellar, pool, spa and cabana. At nearly 8,500 square feet, property hosts 5 bedroom and 6 baths. A 2 year loan for Rubicon who has the 1st DT. LTC is 64%.
A Mixed-Use property was the source for this $1,550,000 loan funded by Rubicon. Two buildings on lot can be retail, office and/or warehouse. This flexible space is located on highly trafficked Fremont Blvd., in the heart of Fremont, CA. Lot size is close to 37,000 Square Feet. One year loan at a loan to cost of 52%. Rubicon holds the 1st Deed of Trust.
Rubicon Mortgage Fund funded a $950,000 loan for a Single Family Residence in the spectacular Acalanes School District. This combined loan-to-value was under 50% and was cross collateralized with 3 condominiums in Walnut Creek, CA. Rubicon holds the 1st Deed of Trust on all 4 properties. The non-owner occupied townhouse in Moraga is a 3 bedroom/ 3.5 bath, completely remodeled, 2,000 square foot, with 2 private garden patios conveniently located on a cul-de-sac within walking distance of Moraga Country Club. The club has an 18-hole golf course, swimming, tennis and a completely remodeled club house with dining facilities. Term of loan is 1 year.