Ground-Up Construction Loan for Tennis Club in Moraga, California

Funded by Rubicon Mortgage Fund, LLC


Deal Details

Private Loan Type

Commercial Ground-Up Construction

Approx. Funding Date


Property Type
Property City


Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type

Interest Only



Deal Highlights

Owner of a non-profit organization had difficulty securing conventional financing.

Deal Summary

Rubicon Mortgage Fund, a private lending firm that specializes in asset-based loans, funded a $3,750,000 construction loan for a recreation center in Moraga, CA. Many of the buildings on the property will be demolished to make space for the new proposed renovations of the tennis club. Being a non-profit organization, it was more difficult for the owner to secure conventional financing, making Rubicon an asset to complete the project. Rubicon provided a one-year loan on the property at 60% LTV and secured in first position deed of trust. The loan term was set at 24 months. This CRE ground-up construction loan was funded in October 2021.

Funded By

Rubicon Mortgage Fund, LLC

Northern California’s Premier Direct Lender | No Appraisal Required