Rubicon was able to secure financing for a borrower working on a reverse 1031 exchange. On a reverse exchange, the qualified intermediary takes title on the property which makes it difficult for many people to acquire conventional financing. By using Rubicon, the loan is asset-based and we are able to provide the client with the funds they need to quickly acquire the replacement property and complete the reverse exchange in a short period of time.
Loan Amount: $490,000
Loan Term: 6 Months