Cash-Out Refinance Loan for Mixed-Use Property in Sacramento, California

Funded by Rubicon Mortgage Fund, LLC

$2,150,000

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 Highlights

Rubicon’s speed & reliability closed the transaction within 20 days of being contacted.

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

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