Bridge Loan for SFR in Piedmont, California

Funded by Rubicon Mortgage Fund, LLC

$3,500,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

04/08/2021

Property Type
Single Family Residence
Property City

Piedmont

Property State

CA

Loan Term (months)

6

Lien Type

1st and 2nd

Payment Type

Interest Only

Loan-to-Value

62.5%

Deal Highlights

Our loan allowed the Borrower to purchase a property while waiting to sell their existing property.

Deal Summary

Rubicon Mortgage Fund, a private lending firm that specializes in asset-based loans, funded a $3,500,000 loan for the acquisition of a single-family residence in Piedmont, CA. The loan from Rubicon enabled our Borrower to purchase the subject property while waiting to sell their existing property as an exit strategy. The loan positions are as follows: 1st deed of trust on the subject property and 2nd deed of trust on the additional collateral. The combined loan-to-value was 62.5%. The loan term was set at 6 months. This bridge loan was funded in April 2021.

Funded By

Rubicon Mortgage Fund, LLC

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