This deal was to enable borrower to acquire two Non-Owner Occupied homes in El Dorado Hills, CA located on Folsom Lake. Loan amount was $515K. First home is over 2,500 square feet, has 3 bedrooms and 3 baths with lake views (5 minute walk to lake!). Seller purchased property as an investment but found herself underwater. Rubicon's borrower was able to purchase below market, plans minor renovations and will flip within 3-6 months. The second home is a 3/2 with over 1,800 square feet. and is energy efficient. Large deck has amazing Folsom Lake view and yard is beautifully landscaped and very private. Same seller as above and borrower purchased for $250,000. Exit strategy is to sell house 1, pay RMF with proceeds, and then rent or sell second home. Combined loan-to-cost is under 60%, and term is 6 months. Rubicon holds the 1st DOT on both homes.