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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
11/05/2021
Property Type
Single Family Residence
Property City
San Jose
Property State
CA
Loan Term (months)
24
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Purchase Price
65%
Borrower's Contribution to Purchase
35%
Source of Borrower's Contribution
Cash
Occupancy at Closing
Vacant
Lot Square Footage
1,106
Deal Summary
Rubicon Mortgage Fund, a direct private lending firm in the East Bay Area, financed the purchase of this 1,106 square-foot Single Family Residence that is a non-owner occupied property located in San Jose, California. The Borrower secured this property as an investment and plans to obtain conventional financing as a takeout for Rubicon’s loan. This SFR purchase bridge loan was funded in November 2021.
Funded By
Rubicon Mortgage Fund, LLC
Northern California’s Premier Direct Lender | No Appraisal Required