Rubicon Mortgage Fund, LLC Quarterly Update

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Dear Rubicon Investor:

Rubicon Mortgage Fund, LLC (RMF) is pleased to announce that investors who reinvested each month during first three quarters of 2016 received an annualized compounded return of 6.95%. Rubicon has been profitable to its investors each month since its conception in 2008. 

 Quarter in Review: RMF funded sixteen new loans this quarter. The Fund also received five pay offs from current borrowers while adding approximately $3,000,000 in new investments from either existing accounts or new accounts. The Fund is still in contract to sell its only REO (real estate owned) property which is in Moss Landing, CA.  Management will provide a more detailed summary once that transaction has closed. Management has filed one Notice of Default but is confident in its underlying security.  The Fund’s remaining 83 loans, all secured with a first deed of trust, are in good standing.  

Short-Term Outlook:  Our outlook for 2016 in terms of interest rates have been accurate thus far and we continue to expect no change or possibly a quarter point increase from the Fed between now and the end of the year. We projected a peak in real property prices in 2016 and still believe this to be the case. Moving forward into 2017 we expect slightly lower real estate prices with very slight increases in interest rates.

Holiday Party:  Please save the date for our annual Holiday Party for our investors. This will be held at Orinda Country Club on December 8, 2016 at 5pm.

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.  Please contact us with any questions or comments.

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