RMF, LLC recently funded an acquisition bridge loan on a SFR with sweeping views. Secured by industrial condos as well, the loan of $1.26M had a combined loan to value of 65%.
With a loan to cost of 54%, RMF, LLC funded a single family residence bridge loan of $330,000 in San Leandro, CA.
Just funded - 2 cash out refinance loans! A loan totaling $1.5M was secured by investment properties in Yuba City (a 28-unit apartment building) and Auburn (a 45-unit mobile home park). Combined LTV was 60%.
With and LTV of 55%, Rubicon Mortgage Fund, LLC funded a cash-out for business purposes on 4 separate industrial condos. Located in Richmond, CA in a prime transportation location, loan was for $1.2M.
With 10 day funding, RMF, LLC closed a loan for $1.2M on land with a single family residence in Salinas, CA. This acquisition bridge loan had an LTC of 51%.
With incredible views of downtown San Francisco, Rubicon Mortgage Fund, LLC successfully funded $1.1M on a single family residence ripe for redevelopment. In the well-located neighborhood of Noe Valley the loan to value on this special property was 58%. Borrower intends to rehab and use for investment purposes.
RMF, LLC closed 2 loans this week by getting loans docs to escrow in 5 days! The first, in Berkeley, CA was a bridge loan of $160K for a SFR with LTC of 36%. A cash-out for business purposes in the amount of $225,000 was the second loan in San Jose on a non-owner occupied SFR with a LTC of 38%.
Rubicon Mortgage Fund, LLC closed a $300,000 refinance of existing debt on a mixed-use office and duplex in Salinas, CA. Loan to value was 55%.
RMF, LLC funded a $276K loan for the acquisition of a duplex ready for renting in Hayward, CA. A 2 year loan with a 65% loan to cost framed the transaction.
Rubicon Mortgage Fund, LLC funded a hard money loan on a non-owner occupied home in a well located area of Tahoe near Northstar. Borrower intends to use $600,000 cash out for business purposes. The loan to value on this is 65%.
The owner of a multi-tenant commercial retail building totaling 39,447 square feet, who needed to refinance existing debt, came to Rubicon for funding. RMF provided a hard money loan of $1,860,000 for 2 years at a LTV of 63%.
With a loan to cost of 55%, Rubicon funded a $240K bridge acquisition loan on a SFR. Loan period is 355 days and RMF holds 1st DT.
Rubicon Mortgage Fund, LLC completed a $1,535,000 loan on a retail commercial building in Tulare in the heart of the Central Valley. Our repeat borrower needed the loan for acquisition and RMF funded the loan for an 18 mos period at a loan to cost of 65%.
Within the week, Rubicon Mortgage Fund, LLC funded a hard money loan of $400,000 on a Retail Property located in Lafayette, CA. The purpose of this loan was Cash Out for Business Purpose. The borrower intends to rehab the property to prepare for new tenants!
Rubicon Mortgage Fund, LLC funded a hard money loan of $1,971,000 on a 5,500 square foot, High End, Residential Property located in the Upper Happy Valley area of Lafayette, CA. The purpose of this loan was Aquisition. The borrower intends to refinance with a traditional lender prior to maturity.
Recently Rubicon Mortgage Fund, LLC funded a hard money loan of $300,000 on a Commercial Warehouse/Automotive Repair Shop located in Pittsburg, CA. The purpose of this loan was Aquisition. Rubicon’s loan to cost was 20% and the loan closed in 14 Days!
Recently Rubicon Mortgage Fund, LLC funded a hard money loan of $1,800,000 on a combination of Two Separate Single Family Residences and a Commercial Condominium located in Livermore, CA. The purpose of this loan was Cash out for Business Purpose. Rubicon’s loan to value was 60%. The borrower found Rubicon Mortgage Fund to be much more competitive than venture capitalists for the money they invested in their business.
Within the week Rubicon Mortgage Fund, LLC funded a hard money loan of $600,000 on an Industrial Property located in Sacramento, CA. The purpose of this loan was a Refinance for Business Purposes. The term was 12 months. Rubicon’s loan to value was 60%. This newer building is in a well located area and the buyers are also acting as developers.
Rubicon Mortgage Fund, LLC recently funded a hard money in the amount of $300,000 on a combination Office / Industrial Property located in Hollister, CA. The purpose of this loan was to refinance an existing loan. Rubicon’s loan to value was under 45%. Borrower purchased the property in 2006 for $1,000,000 and dramatically improved the property.
Rubicon Mortgage Fund, LLC recently funded a $3,000,000 hard money loan on a Multi-Family Residential property located in the Premium Berkeley UC Campus area in North Berkeley, CA. The purpose of this loan was Refinance. Rubicon’s loan to value was under 65%.