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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
04/30/2021
Property Type
Property City
Fall River Mills
Property State
CA
Loan Term (months)
24
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
30%
Building Square Footage
4,500
Lot Acreage
43
Deal Summary
Rubicon Mortgage Fund, a private lending firm that specializes in asset-based loans, funded a 1st lien position $750,000 refinance loan for a recreation center in Fall River Mills, CA. Rubicon refinanced this 4,500-square-foot property which included a fly fishing lodge, separate guest houses, and a fly-fishing shop situated on 43 acres of land in North Eastern California. This property is a well-known fly fishing destination that offers meals, accommodations, and wild trout fishing. The loan-to-value was 30%. The loan term was set at 24 months. This refinance bridge loan was funded in April 2021.
Funded By
Rubicon Mortgage Fund, LLC
Northern California’s Premier Direct Lender | No Appraisal Required