Livermore, CA

$1,150,000

Ranch

Equity Cash Out

08/27/2020
Transaction by
Rubicon Mortgage Fund, LLC
In August 2020, Rubicon Mortgage Fund LLC provided a private money loan secured by a ranch property in Livermore, Alameda County, California. The Borrower has had a long-time business relationship with us, and needed funds to purchase a ranch in Montana. They own the 83.12 acre Private Reserve in Livermore which was unencumbered, as well as their primary residence which sits on 172.61 acres. Rubicon secured a 1st Deed of Trust in the amount of $1,150,000 for a term of 12 months on their Private Reserve and obtained additional security through a 2nd Deed of Trust on their primary residence. The combined loan-to-value was just under 50%. Obtaining this loan through Rubicon helped the borrowers get the funds they needed within two weeks helping them close expeditiously on their new ranch home in Montana.