Bridge Loan for Menlo Park Residential Property Trust Buyout

Last week Rubicon Mortgage Fund provided a $450,000 private money loan for a 1,600 square foot single family home in Menlo Park, CA at 35% LTV (loan-to-value). Our borrower inherited 50% ownership of the trust prior to contacting us. Our 1st trust deed bridge loan was to assist her with a buyout of the remainder of the trust held by her sister. The borrower owns additional real estate in Northern California and plans to sell her current residence to pay down a significant portion of her loan. The term for this private mortgage is 1 year. 

 

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