Industrial Warehouse Acquisition in Livermore, CA

$2,000,000 Loan for Purchase of Industrial Warehouse

  • Rubicon funded the purchase of this 12,140 square foot warehouse located in Livermore, CA.

  • 1.75 Acre commercial property located in San Ramon was used as additional collateral.

  • Loan Term: 1 Year

  • Loan Position: 1st Deed of Trust on Livermore property, 2nd Deed of trust on San Ramon additional collateral.

  • Combined LTV: 50%

Financing on Industrial / Flex property in South San Francisco, CA

  • The Borrowers needed to close quickly on the purchase of the property, allowing them to also finalize the terms of the lease with the new tenant.

  • The transaction closed in less than 1 month.

  • Loan Amount: $2,950,000

  • Loan Term: 12 Months

  • Loan Position: 1st Deed of Trust

  • LTV: 62%

Quote from Borrower: “You guys were great to work with, Stephanie was on top of things. Easiest closing I’ve had in a long while. Hope to do more with you guys” -K.L.

 Trust Settlement and buyout in Martinez, California

Trust Settlement and buyout in Martinez, California

Rubicon was able to help secure a loan to a family member, so he could buy out the rest of the siblings to retain sole ownership of the Single Family Residential home located in Martinez.

Loan Amount: $425,000

Loan Position: First Deed of Trust

LTV: 65%


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Rubicon can structure a loan with a built in interest reserve

Interest reserves are used by borrowers with poor cash flow or those who want to hold onto their cash.

  • A loan with an interest reserve advances loan funds to the borrower, and from these funds the loan interest is paid.

  • The purpose of an interest reserve is to pay the cost of interest during the loan term without the borrower needing to come up with a monthly payment.

  • The lender will collect the loan payment each month directly from the interest reserve that was set up.

Click the video below to learn about interest reserves from Director of Sales Cesar Pena and Senior Loan Officer Casey Hopkins

innovative funding for the purchase of 2 Bay Area industrial units!

Restructuring debt and providing additional funds to close

Loan Amount $950,000

Pittsburgh, CA

CLTV 60%

“The confidence that I get by making a call and telling (Rubicon) what I need and they can make it happen. That confidence, to an investor, is something that you can’t really put a price to” – Borrower Mike G.

In the era of COVID-19, Rubicon Mortgage Fund, LLC is still funding Construction Loans for qualified Borrowers

Rubicon Mortgage Fund has great expertise in Construction Loans. With our knowledgeable and efficient personnel, we are able to leverage our long-term relationships with Title Companies and Construction Consultants. When time is of the essence, Rubicon is able to work diligently to close loans quickly to provide operating capital to our borrowers.

ADDITIONAL DETAILS

  • 6-month Term

  • $1,500,000 Construction Loan

  • 60% Loan to Value

  • 1st Deed of Trust

Testimonial from our Borrower:

“Rubicon, was a fantastic partner. They were there for me at a very trying period during my project and provided me with a streamlined funding solution that allowed me to get back to work in a matter of days. Every project experiences fits and starts and I was very fortunate to have worked with Rubicon to bridge my needs at the time so that I could continue to move forward with realizing my dream.”

Click the video below to see the improvements Rubicon funded for this Brewery and Taproom in Oakland, CA!

Rubicon’s Unique Position to help you and your Clients in a 1031 Exchange

A typical 1031 Exchange allows a client to sell their existing/relinquished property and gives them 45 days from the close of escrow to identify a replacement property (180 calendar days to complete the transaction). If an exchange meets the 1031 requirements, the investor could have little/no tax due at the time of the exchange.

Rubicon recently funded a 1031 exchange on this industrial building located in Stockton, California.

Our Borrower came to Rubicon Mortgage Fund, LLC through a mortgage broker in March 2020, around the time Shelter in Place orders were imposed on 5 Bay Area Counties due to COVID-19. The buyer had only 18 days to complete the 1031 exchange transaction of an Industrial Investment building in Stockton, CA. Due to the escalating situation with the pandemic, their conventional lender had halted their lending process.

The 18,754 square foot Industrial building is situated on a 10.10-acre parcel and was occupied by a long-term national vehicle shipping and transport business tenant. The buyer was in contract at $5,000,000. Rubicon offered a loan in 1st Deed of Trust of $1,250,000 (25% LTV) for a 6-month term. With Rubicon’s expeditious, efficient in-house underwriting and quick adaptation to Shelter in Place, this loan closed in 17 days, as requested by the borrower. This loan closed 4 days prior to the 1031 exchange deadline.


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Rubicon is in a unique position to fund loans to Trusts and Estates

For estate planning purposes, owners often hold their real property in a revocable living trust which may become irrevocable upon their death. Unfortunately, it may be more difficult for a trust to get a traditional loan due to lack of income or credit worthiness. Rubicon, however, specializes in making loans to trusts – focusing on the equity of the real property held by the Trust. Rubicon can also will work with the trustees and its attorneys to preserve potential parent-child property tax exclusion.

The following is a common scenario –


The original Trustors (parents) of a revocable living trust had both recently died. The Successor Trustee (one of the children) came to us looking for a loan. The Trust needed to make its final distribution to its three beneficiaries (the children) however its only asset was the family home. One of the children wanted to keep the house; the other two lived out of state and wanted cash. Rubicon was able to lend money to the Trust secured by the real property. The Trust then distributed the loan proceeds to the two children equally and distributed the real property (with the loan) to the remaining child. Working with the Trust’s attorney, the parties were able to avoid a property tax reassessment.      Click on the video below to learn more about the process

The original Trustors (parents) of a revocable living trust had both recently died. The Successor Trustee (one of the children) came to us looking for a loan. The Trust needed to make its final distribution to its three beneficiaries (the children) however its only asset was the family home. One of the children wanted to keep the house; the other two lived out of state and wanted cash. Rubicon was able to lend money to the Trust secured by the real property. The Trust then distributed the loan proceeds to the two children equally and distributed the real property (with the loan) to the remaining child. Working with the Trust’s attorney, the parties were able to avoid a property tax reassessment.

Click on the video below to learn more about the process

Merced Construction Loan Video Walk Through!

Please click the video below to learn more about how Rubicon structured a $1,800,000 construction loan in Merced, CA. Our borrower was planning to obtain a construction loan through a conventional lender. Unfortunately the transaction was declined at the last minute. Rubicon secured a 1st Deed of Trust on the vacant 42,000 square foot building and, within two weeks, provided capital for the borrower to complete tenant improvements. Today, Planet Fitness occupies 21,000 square feet of the gross building area. Best Buy recently signed a lease for the remaining space, but have not yet moved in.

As a direct private lender, Rubicon is able to creatively structure loans to best suit our borrowers needs and fund quickly.

Quote from our borrower: “My experience with Rubicon from the beginning to present has been easy, painless, and extremely comfortable” – P.I.

Loan Amount: $1,800,000

Loan Term: 1 Year

LTC: Less than 50%

Loan Position: First Deed of Trust

Annual Wild Game Feed – Hosted by Rubicon Mortgage Fund

Rubicon had a fun and exciting time hosting its annual Wild Game Feed.  Co-hosted by Doug Watson (principal of Rubicon Mortgage Fund) and the California Waterfowl Association, the game feed was a great way for some of our clients and business partners to market and meet new people.  It was attended by Title company representatives, insurance agents, loan originators, bankers, brokers, and more. The attendees enjoyed a five course lunch consisting of duck, elk, and venison!

 

Some of Rubicon’s internal office staff (left to right) Shadi Ayoughi, Shannon Shen-Chen, Meghan Simms, and Cheryl Duncan.

Business Loan in San Francisco, California

Cash out loan secured by a First Deed of Trust. This recently renovated property is located in a well established San Francisco neighborhood.

Loan Amount: $415,000
LTV: 40%

Construction Loan for a Gas Station in Indio, California

Loan to help fund construction of a nationally flagged gas station. Long termed ground lease in place. Borrower is a multiple-station owner, and seasoned operator. This prime location is well located by both Starbucks and McDonald’s. Loan Amount: $1,100,000 LTC: 50%