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Direct Lender for Northern California Real Estate
Rubicon Mortgage Fund, LLC is a direct private lender that specializes in short-term bridge financing. We fund loans for all major types of property including Multi-family, Commercial, Retail, Mixed-Use, Industrial, Hotels, Mini Storage, Office, and Special Purpose. We loan up to $12M in first position only, and our loan to value (LTV) is up to 65%. Give us a call and we can will provide you with a solid quote within 24 hours.
What to Expect From Rubicon:
- Accelerated turnaround time on quotes and terms
- Reliability to complete your transaction fast and efficiently
- Extensive knowledge of creative and secured loan transactions
- All property types funded except owner-occupied residential
- Bridge loans funded in less than 2 weeks
- No formal appraisal required – we do our own valuation in-house
Property Geographic Area Details
We only lend in California, and mostly Northern California
Loan Amounts
$100,000 to $12,000,000
Interest Rates
6.75% to 9.75%
Max Loan-To-Value
65%
Max Loan-To-Cost
65%
Origination Fees
1.00% to 4.00%
Loan Terms
6 months to 60 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Invest in a Business
- Value Add Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Owner Occupied Commercial
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Auto Repair
- Car Wash
- Casino
- Commercial Condominium
- Condominium
- Gas Station
- Gym
- Hotel
- Industrial
- Mixed-Use
- Mobile Home Park
- Multifamily
- Office
- Portfolio of Residential Properties
- RV Park
- Retail
- Single Family Residence
- Storage Facility
Loan Types
- Private Money
- Hard Money
- Commercial Bridge
- Residential Bridge
Specialty Loan Types
- Note Purchase
- Reverse 1031 Exchange
Purchase Loan
Max Loan-To-Purchase Price
60%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Equity in Subject Property
- Equity in Another Investment Property
- Equity in Primary Residence
Details and Requirements
Typical Closing Time (Days)
10Fastest Closing Time (Days)
3Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
Pre Payment Penalty
no
Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Trust
- Corporation
Documentation Required
- Tax Returns
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
noAppraisal Required for Residential Property
NeverAppraisal Required for Commercial Property
NeverBroker Price Opinion (BPO) Accepted for Residential Property
NeverBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
Deposit Required
$2,500.00 to $0
Deposit (or Due Diligence Fee) is credited back if the loan closes. The Deposit is required before a site visit occurs.
Minimum Origination Fee Amount
$10,000
Fees which are mandatory for all new borrower clients
- Deposit
- Escrow Fee
- Title Fee
Fees which are charged upfront prior to loan closing
- Deposit
Fees which are paid to a third party company
- Escrow Fee
- Title Fee
Legal Disclaimer
Interest rates and fees subject to change without notice.
Rubicon Mortgage Fund, LLC is a licensed California finance lender that consists of a diversified pool of loans collateralized by commercial and other types of investment real estate. Rubicon specializes in short-term secured loans and direct, hard money commercial lending. We understand that occasionally loans do not fit into the standard model of traditional lenders. Hence, we focus on funding non-conventional loans. Based in the San Francisco Bay Area, our focus is Northern California, but we lend throughout California.
License
CFL #02042258
Company Size (Number of Employees)
11
Year Established
2008
Associations
- Bay Area Mortgage Association
Office Locations
Rubicon Mortgage Fund, LLC3575 Mt. Diablo Boulevard, Suite 215, Lafayette, California 94549
Primary Capital Source
- Own Funds
- Individual Investors
Alternative Capital Sources
- Family Offices
- Bank Credit Line
Loan Structure for Majority of Loans
- Own Balance Sheet
Alternative Loan Structures
- Multiple Lender Participation
Percentage of company’s lending business focused on private mortgage
90%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Mortgage Brokerage
Percentage of Loans Secured by Commercial Property
70%
Percentage of Loans Secured by Residential Property
30%
Percentage of Loans Secured by Land
1%

Vance Hillstrom
Principal
Since 2005 Vance has been a part of private mortgage banking working primarily in the capacity of underwriting debt transactions and raising investor funds. Vance is currently one of the two managing partners of Rubicon Mortgage Fund, LLC where he concentrates most of his time underwriting loans and structuring debt transactions. Prior to private mortgage banking, Vance was an independent trader trading 30-year bond futures on the Chicago Board of Trade and thereafter worked as the Lead Market Maker for Microsoft at the Pacific Options Exchange. Vance graduated from DePauw University with a degree in Economics. Vance has his California Department of Real Estate Broker License.
License InformationCA DRE Broker Lic. - 01908390

Doug Watson
Principal
Doug has been active in the real estate industry since 1990, working in commercial development with Spieker Properties, brokerage with CB Commercial Real Estate, and for Stewart Title Insurance in the National Title Unit. These positions included experience in sales, leasing, project management, and financing. Doug is a licensed real estate salesperson. In 2006, Doug founded his private mortgage banking company, Rubicon Capital Partners, Inc. Doug previously worked for two other private commercial mortgage banking firms, successfully raising investor funds and underwriting loan transactions. He continues those same responsibilities today at Rubicon Mortgage Fund, LLC. Doug belongs to several local real estate associations including: The Bay Area Mortgage Association (BAMA), The Belden Club, Mortgage Bankers Association (MBA), California Mortgage Association (CMA), the California Mortgage Banker Association (CMBA), Turnaround Management Association (TMA), and the International Council of Shopping Centers (ICSC). Doug graduated from UC Davis with a BA in Communication. Doug currently resides in Lafayette, California with his wife, Jenny, and their three sons.
License InformationCA DRE Lic. - 01267637
Completed Transactions
Rubicon Mortgage Fund
Livermore / San Ramon, CA
$2,000,000
Rubicon Mortgage Fund
San Francisco, CA
$10,500,000
Rubicon Mortgage Fund
Woodland, CA
$1,800,000
Refinance
Rubicon Mortgage Fund
Berkeley, CA
$1,675,000
Purchase
Rubicon Mortgage Fund
Truckee, CA
$605,000
Purchase
Rubicon Mortgage Fund
Danville, CA
$660,000
Purchase
Rubicon Mortgage Fund
Livermore, CA
$1,150,000
Equity Cash Out
Rubicon Mortgage Fund
Concord, CA
$800,000
Purchase
Rubicon Mortgage Fund
Pebble Beach, CA
$2,750,000
Refinance
Rubicon Mortgage Fund
Napa, CA
$425,000
Purchase
Rubicon Mortgage Fund
Penn Valley, CA
$449,000
Purchase
Rubicon Mortgage Fund
Concord, CA
$442,200
Purchase
Rubicon Mortgage Fund
Stockton, CA
$1,250,000
Purchase
Rubicon Mortgage Fund
Ripon, CA
$1,700,000
Purchase
Rubicon Mortgage Fund
Lake Tahoe, CA
$2,500,000
Refinance
Rubicon Mortgage Fund
Fairfield, CA
$399,999
Purchase
Rubicon Mortgage Fund
Oakland, CA
$2,880,000
Purchase
Rubicon Mortgage Fund
Daly City, CA
$600,000
Purchase
Rubicon Mortgage Fund
San Leandro, CA
$465,000
Refinance
Rubicon Mortgage Fund
Berkeley, CA
$1,900,010
Refinance
Rubicon Mortgage Fund
Sacramento, CA
$550,000
Refinance
Rubicon Mortgage Fund
Richmond, CA
$300,000
Refinance
Rubicon Mortgage Fund
Emeryville, CA
$500,000
Refinance
Rubicon Mortgage Fund
El Dorado Hills, CA
$515,000
Purchase
Rubicon Mortgage Fund
Oroville, CA
$700,000
Refinance
Rubicon Mortgage Fund
Santa Cruz, CA
$3,100,000
Refinance
Rubicon Mortgage Fund
Turlock, CA
$520,000
Purchase
Rubicon Mortgage Fund
Palo Alto, CA
$1,500,000
Purchase
Rubicon Mortgage Fund
Castro Valley, CA
$600,000
Purchase
Rubicon Mortgage Fund
Tracy, CA
$850,000
Refinance
Rubicon Mortgage Fund
San Francisco, CA
$600,000
Refinance
Rubicon Mortgage Fund
Rocklin, CA
$370,000
Purchase
Rubicon Mortgage Fund
Manteca, CA
$250,000
Purchase
Rubicon Mortgage Fund
Danville, CA
$1,450,000
Refinance
Rubicon Mortgage Fund
Stockton, CA
$405,000
Purchase
Rubicon Mortgage Fund
Pleasanton, CA
$2,750,000
Purchase
Rubicon Mortgage Fund
Fremont, CA
$1,549,999
Purchase
Rubicon Mortgage Fund
Moraga, CA
$950,000
Purchase
Rubicon Mortgage Fund
Vallejo, CA
$560,000
Refinance
Rubicon Mortgage Fund
North Highlands, CA
$560,000
Purchase
Rubicon Mortgage Fund
San Dimas, CA
$2,000,000
Refinance
Rubicon Mortgage Fund
San Jose, CA
$1,700,000
Purchase
Rubicon Mortgage Fund
Walnut Creek, CA
$660,000
Purchase
Rubicon Mortgage Fund
Berkeley, CA
$2,000,000
Purchase
Rubicon Mortgage Fund
Lafayette, CA
$1,330,000
Purchase
Rubicon Mortgage Fund
Menlo Park, CA
$1,125,000
Refinance
Rubicon Mortgage Fund
Seaside and Indian Wells, CA
$260,000
Refinance
Rubicon Mortgage Fund
Hayward, CA
$310,000
Purchase
Rubicon Mortgage Fund
San Jose, CA
$1,575,000
Purchase
Rubicon Mortgage Fund
Oakland, CA
$1,500,000
Purchase