Our clients were able to make use of a bridge loan to secure financing to buy a new house in San Jose, California. Rubicon was able to secure financing for this deal at only 50% loan to value secured by a first deed of trust on both properties.
One of the most common loans Rubicon is able to provide to their clients is a bridge loan. With Rubicons help, our client was able to secure a 6 month loan to complete their bridge loan, secured by a first position deed of trust on both properties.
Bridge loan in Oakland, California. 1st position deed of trust on both properties with a combined loan to value of 60%.
Bridge Loan in Richmond, California. 1st position deed of trust on the residential property and 2nd deed of trust on the condominium. Loan to value 65%.
Acquisition in Sacramento, California. Industrial property cross collateralized with another industrial. Acquisition for investment purposes with a loan to value of 60%
Refinance in Oakland, California. The borrower only needed a short term 6 month loan to help refinance for business purposes. Loan to cost was 60%.
With Rubicon’s help, a borrower in Lafayette was able to make a purchase of a gas station located in the heart of Lafayette. The station is conveniently located right off of a busy street and also includes a garage business attached.
With Rubicon’s help, the borrower was able to take cash out of an existing property to purchase this commercial office space in Oakland. A short 1 year term worked perfect for the borrower, and the loan to cost was only 60%.
Experienced borrower with real estate investment experience needed $475,000 to complete acquisition of older, non-owner occupied SFR in Orinda. Located in desirable Orinda, this investment purchase is prime for rental or fix-and-flip. Term of loan is 6 months and the loan to cost is 40%.
Rubicon funded $800,000 to a repeat borrower for her investment portfolio acquisition. Investment purchase of a 4 bedroom/2 bath duplex at the end of a cul-de-sac in well-maintained Berkeley neighborhood. Secured by cross collateral borrower had, the combined loan to value is 62% for this 12 month loan.