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.
A gas station with a food mart and smog check shop was in need of a existing debt refinance. Borrowers came to Rubicon for a 6 month, $560,000 loan which RMF fulfilled. Commercial building is 1,500 square feet on a lot size nearly 13,000 square feet. Located on a busy intersection in Vallejo, station houses 6 pumps. Rubicon's loan to value is 60% and 1st Deed of Trust.
Borrowers needed $560,000 to complete the purchase of a retail unit in North Highlands, CA. With a loan to cost of 51% the purchased property is under replacement cost. Borrower owns a chain of pizza restaurants in the Bay Area and this three unit shopping center is an investment for him and his wife. Building has 4,500 Square Feet and has great visibility from major avenue. Rubicon provided a 1 Year Term and has the 1st Deed of Trust.
Rubicon funded $425,000 to owners of a Multi-Family Residential Duplex for Cash Out Investment Purposes. Property is located within walking distance of restaurants and shops in the Richmond District of San Francisco. Duplex is 2 stories, with over 4,000 square feet of living space plus an additional 900+ square feet of basement space and contains 6 bedrooms and 4 bathrooms. Loan to Value is under 20%, and is for a 1 Year Term. Rubicon holds the 1st Deed of Trust.
Rubicon funded a $2M loan on a spectacular property in San Dimas, CA. This Single Family Residence includes 7 bedrooms, 6 baths, in 2 stories in over 8,000 square feet. Home includes amazing outside entertainment space with view, pool, patio with lots of sitting areas all on 0.81 acres lot. Borower refinanced with cash out for Investment Purposes. Loan term is 1 year, Rubicon has 1st DOT and LTV is 60%.
Borrower required a $1.7M loan to complete the purchase of a well-located Industrial Building in San Jose, CA. With a loan to cost of 60%, Rubicon funded the loan on this 22,000 square foot building built in 1999. Lot Size is 1.42 acres and is zoned for R&D Facility, Laboratory, Research Facility, Cosmetics, Pharmaceutical and Office Space. Lot has plenty of parking and is only 8 minutes from San Jose airport. Term is 1 year and loan position is 1st Deed of Trust.
Rubicon Mortgage Fund, LLC was able to fund a $660,000 loan for borrowers on a tight deadline. A Non-Owner Occupied Single Family Residence was acquired for Business Investment in this low inventory city. With a loan to cost of 60%, and a 2 year loan, Rubicon holds the 1st Deed of Trust.
Long-time Rubicon borrower needed funds for Construction and Rehab on a Family-owned Apartment Building. Originally built in 1949 by borrower's father, this 10 unit Multi-Family Property hadn't had any major remodeling done. Rubicon funded $2M towards the construction with 1 year term. Loan to Value is 60% on this 3 story, approximately 7,400 square foot building that sits on a 5,150 square foot lot within walking distance of North Berkeley BART Station. Rubicon holds the 1st Deed of Trust.
Rubicon funded $1.330M towards the purchase of Free Standing Building in Lafayette. This building is zoned for Residential and Commercial and can be developed into 6 or more units: all Residential, all Commercial or Mixed-Use. A sweet property. Loan to cost is 70% and term is 2 years for this 1st Deed of Trust.
A gorgeous Mediteranean Spanish-style Non-Owner Occupied home that has been completely rebuilt from the ground up was refinanced for business purposes by borrower. SFR has 5 bedrooms, 3 baths, pool and approximately 2,700 square feet. Rubicon funded a $1.125M loan for 1 year, with a 1st Deed of Trust and a Loan to Value of 59%.
A Commercial/Special Purpose building was acquired by borrower using $375,000 funded by Rubicon Mortgage Fund, LLC. With cross collateral of a commercial building in Concord, CA there is a combined loan to value of 30% on this 12 months term loan with First Deed of Trust.
An office building owner-user needed a cash out of $260,000 for business purposes. The Non-Owner Occupied Single Family Residence is located in the city of Seaside, in Monterey County. To get Rubicon a Combined Loan to Value of 50% borrower offered his SFR in Indian Wells, CA. Loan term is 2 years.
Rubicon funded a loan of $310,000 for borrowers to acquire a Non-Owner Occupied Single Family Residence in Hayward, CA. Term is 6 months for this investment property loan, with a loan to cost of 60% and 1st Deed of Trust.
Borrower was tenant in a commercial retail building for over 10 years. Owner of building wanted to sell structure and tenant had first right of refusal. Buyer came in and tenant matched the offer but needed Rubicon's loan to complete transaction. RMF funded $1.575M for business acquisition and cross collateralized property with single family residence - all in San Jose. Loan position is 1st Deed of Trust, 6 months term and Loan to Value is 60%.
A very narrow window of time was all borrowers had to secure the acquisition of this Industrial Commericial Warehouse in Oakland. This Industrial Condo has approximately 12,000 square feet and Rubicon provided the $1.5M loan to purchase. A 65% Loan to Cost, 1 year term and 1st Deed of Trust sealed the deal.
A commercial building in the historic neighborhood of the Fillmore District in San Francisco was the source of this refinance. Borrowers needed $1.5M which Rubicon supplied for business purposes. The commercial retail building has over 5,600 square feet of space. Loan term is 2 years, Rubicon holds the 1st Deed of Trust and the loan to value was 50%.
Rubicon funded a $1.1M loan on a Single Family Residence in the leafy neighborhood of Hillsborough. Owners refinanced their 5 bedroom, 4.5 bath home that contains 5,300 square feet to secure a business opportunity. Borrowers were under pressure to get funds due to tight timelines. The transaction on this First Deed of Trust loan for 1 year was accomplished in time for the borrower's business acquisition. Loan to Value is less than 30%.
Rubcion provided a $2.7M loan in just 5 days. This mixed-use retail and residential building has close to 10,000 square feet, with a site are of 5,250 square feet. Property has single ground floor retail space and 15 second floor apartment units. Borrower needed a 12 month loan on this investment acquisition. Rubicon has a loan to cost of 64% and holds the 1st Deed of Trust.
With a lot size of close to 20,000 square feet, and a light industrial warehouse close to 9,000 square feet, borrower seized opportunity to acquire this property as an investment. Rubicon funded a $2M loan and holds the 1st Deed of Trust. Loan to cost was 65% and term is 18 months. Location of property is amazing and a stone's throw from NASA Ames Research Center and a Microsoft building.
Rubicon funded a $650,000 loan for a single family residence purchase. This non-owner occupied investment has 3 bedrooms and 2 baths and is located in Clarendon Heights and has both city and bay views. Rubicon holds the 1st Deed of Trust on this 2 year loan with a loan to cost of 40%.