Last week Rubicon Mortgage Fund closed a $700,000 private money loan for a 4-unit multifamily property in Oakland, on the border of Piedmont. This was a 1031 exchange deal that needed to be funded fast. Rubicon's bridge loan is a 1st trust deed on the property.
Rubicon Mortgage Fund assists real estate investors with short-term bridge loans to purchase or refinance investment properties throughout California and a few other Western states. Visit our Lending Criteria page to learn more about our guidelines.