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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
05/19/2021
Property Type
Single Family Residence
Property City
Pleasanton
Property State
CA
Loan Term (months)
6
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
62.5%
Occupancy at Closing
Vacant
Deal Summary
Rubicon Mortgage Fund, a private lending firm that specializes in asset-based loans, funded a 1st lien position $3,030,000 loan for the acquisition of a single-family residence in Pleasanton, CA. The Borrower’s funding source fell through at the last minute. Rubicon funded within 48 hours of being contacted! The loan-to-value was 62.5%. The subject property was non-owner occupied at closing. The loan term was set at 6 months. This SFR bridge loan was funded in May 2021.
Funded By
Rubicon Mortgage Fund, LLC
Northern California’s Premier Direct Lender | No Appraisal Required