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.
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%.