)
Deal Details
Private Loan Type
Refinance
Approx. Funding Date
07/12/2021
Property Type
Mixed-Use
Property City
Sacramento
Property State
CA
Loan Term (months)
24
Lien Type
1st Mortgage
Loan-to-Value
50%
Building Square Footage
52,230
Deal Summary
Rubicon Mortgage Fund, a private lending firm that specializes in asset-based loans, funded a $2,150,000 cash-out refinance loan in 1st lien position for a five-building office-flex location in Sacramento, CA. The Client needed to cash out in order to facilitate a close on another property. Rubicon’s speed and reliability closed the transaction within 20 days of being contacted. The subject property was approximately 52,230 square feet. The combined loan-to-value was 50%. The loan term was set at 12 months. This cash-out refinance loan was funded in July 2021.
Funded By
Rubicon Mortgage Fund, LLC
Northern California’s Premier Direct Lender | No Appraisal Required