QUARTERLY UPDATE - 2016 Q1

April 2016

Dear Rubicon Investor or Prospective Investor:

Rubicon Mortgage Fund, LLC (RMF) is pleased to announce that investors who reinvested each month during first quarter 2016 received an annualized compounded return of 7.417%. This marks the 98th consecutive month that the Fund has been profitable for its investors. 

1st Quarter in Review

RMF funded eight new loans this quarter. The Fund also received nine pay offs from current borrowers while adding approximately $4,000,000 in new investments from either existing accounts or new accounts. The Fund is in contract to sell its remaining REO (real estate owned) property which is located in Moss Landing, CA.  Management will provide a more detailed summary once that transaction has closed.  Management previously sold its only other REO in Atwater earlier this quarter.

Short Term Outlook

Back in January we were expecting modest increases in interest rates for 2016, but given the overall weakness in the market over the last ninety days we would be surprised if the Fed increased rates more than 25 basis points in 2016.  As we have projected that the real estate market will soften, being careful and mindful of risk is most important and preserving capital remains our main focus.     

Transparency

All Rubicon Mortgage Fund investors receive monthly account statements either electronically or via hard copy. All investors also receive quarterly updates from the manager (like this one), and a copy of the Fund’s annual audit.  All of the Fund’s annual audits since its inception in 2008, in addition to the quarterly updates, are posted online on our website www.Rubiconfund.net. If you did not receive any of those documents, or wish to go back and review them, please contact us or visit the website.  If you have registered for monthly distributions you should be receiving either an ACH deposited directly into your bank account or a check sent to your mailing address.  Finally, all investors should be receiving an email electronic “blast” or message every time a loan is funded.  If you miss the “blast” you can go on our website and see our blog posted online.  Once on the website you will notice a tab “Funded Loans,” here you will find a picture of all of our latest loan closings.  It is extremely important to us that you are informed, and that you see exactly where your money is being invested.

Rubicon's Annual IRR Graph: (Annualized compounded return versus the 10 year Treasury Note)

graph-annuall-irr-2015.png

Please note that our best sources of referrals come from our current stable of Investors. Please feel free to give our contact information to any interested colleagues, family or partners and as always, contact us directly with any questions.

Sincerely,
Rubicon Mortgage Fund, LLC