$3,750,000 Construction Loan on a Swim and Tennis Club located in Orinda, California
Many of the buildings on the property will be demolished to make space for the new proposed renovations of the club. Being a non-profit organization, it was more difficult for the owner to secure conventional financing, making Rubicon an asset to complete the project. Rubicon provided a one-year loan on the property at 60% LTV and secured in first position deed of trust.
Acquisition of a retail building and a duplex for investment in Sacramento.
Loan Amount: $500,000
Loan Term: 12 Months
LTC: Under 55%
Loan Position: 1st Deed of Trust
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This recently funded $10,500,000.00 loan enabled the acquisition of a 8,046 square foot multi-tenant building in Berkeley. Rubicon Mortgage Fund cross collateralized a 22,300 square foot office building located in Downtown San Francisco, CA, and a spec home in Laguna Niguel, CA as assets for the multi-tenant property in Berkeley, CA.
Loan Term: 1 Year
Loan Position: 1st Deed of Trust on all properties
Combined LTV: 60%
Rubicon secured a loan to a family member to settle a trust distribution.
Loan Amount: $400,000
Loan Position: First Deed of Trust
LTV: Under 50%
Business Acquisition in Calistoga, CA. Borrower was referred to Rubicon through a local broker. The borrower was leasing a portion of the space to use for a business, and the opportunity came up for him to purchase the building. He intends to use the full space for his wine business and eventually refinance with a SBA 504 loan to pay Rubicon off.
Loan Amount: $825,000
LTC: Under 65%
Loan Position: First Deed of Trust
A reverse 1031 exchange is when the Borrower purchases the replacement investment property before selling their relinquished investment property.
Loan Term: 1 Year
Loan Position: 1st Deed of Trust on Purchase property, 1st Deed of Trust on the property for sale, 2nd Deed of Trust on Additional Collateral
All additional collateral gets released when the relinquished property sells.
Combined CLTV: Under 60%
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.
Borrower testimonial: “Rubicon was a fantastic partner. They were there for me during 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 m needs at the time so that I could continue to move forward with realizing my dream.”
Loan Amount: $1,500,000
Loan Term: 6 Months
LTV: 60%
Loan Position: 1st Position Deed of Trust