Docs to Escrow in 5 Days!

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%. 

Berkeley, CA

Refinance Loan in Redding

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%. 

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Repeat Borrower Acquisition in Tulare

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%.

Refinance Loan in Lafayette, CA

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!

Aquisition Loan in Pittsburg, CA

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!

Cash Out for Business Purpose Loan in Livermore, CA

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.

Refinance Loan in Sacramento, CA

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.

Refinance Loan in Hollister, CA

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.