Construction Loan in Oakland, CA

Rubicon Mortgage Fund, LLC funded an $1,100,000 loan on two single family residences and one condominium, cross collateralized with two residential lots, one currently under construction located in Oakland, CA. The purpose of the loan was to finance construction of a single family residence.  The one year loan term will give the client sufficient time for the owner to sell the property. Rubicon’s loan to value was 50% on this particular transaction.