Private Money Bridge Loan for San Francisco Duplex

Last week Rubicon funded a $150,000 bridge loan for the purchase of a 2-unit residential property in the Sunset District of San Francisco. Both units are tenant-occupied and will be held as long-term rental. The purchase price was $1,040,000 so our 1st trust deed loan is only 14% loan-to-cost. The loan term is 12 months with extension options.