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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
10/05/2021
Property Type
Property City
San Francisco
Property State
CA
Loan Term (months)
12
Lien Type
1st Mortgage
Loan-to-Value
40%
Deal Summary
Rubicon Mortgage Fund, a private lending firm that specializes in asset-based loans, funded a $1,335,000 loan amount on a refinance/cash out for a property in San Francisco, CA. This was a loan where two siblings inherited a property from the mom and one sister wished to buy out the other sister and retain ownership of the property. The upper level was residential units and the lower level was commercial space, currently home to a bike shop. This is a non-owner-occupied investment. The loan-to-value was 40%. The loan term was set at 12 months. This cash-out refinance loan was funded in October 2021.
Funded By
Rubicon Mortgage Fund, LLC
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