Cash-out Refi in Orinda

Borrower has 20,000 square foot lot in Orinda Village. He came to Rubicon for a cash-out refi loan of $575,000 for project expenses such as architectural and engineering work, civil and building, grading and drainage permits along with attorney fees. The property type is Entitled Commercial Land - close to 1/2 acre - within walking distance of Orinda Bart, shops and restaurants. Term of loan is 1 year and RMF holds the 1st DOT.

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