North Oakland Duplex Purchase

Borrowers found a great investment acquisition opportunity on North Oakland/Berkeley border. Using the cross collateral of a 4-plex unit in Berkeley, they were able to secure a $1.25M loan with Rubicon Mortgage Fund bring the combined loan to value under 60%. Term of loan is 12 months and Rubicon holds the 1st Deed of Trust on both properties.

Oakland.JPG
Berkeley 4.JPG