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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
12/10/2021
Property Type
Property City
Oakland
Property State
CA
Loan Term (months)
12
Lien Type
1st Trust Deed
Payment Type
Interest Only
Loan-to-Purchase Price
65%
Borrower's Contribution to Purchase
35%
Source of Borrower's Contribution
Cash
Exit Strategy
Refinance
Deal Summary
Rubicon Mortgage Fund, a direct private lending firm in the East Bay Area, provided a $700,000 investment acquisition loan in Oakland, California. The Borrower had the opportunity to purchase this single-family residential property and to keep it as an investment acquisition. The Borrower plans to use the property as a rental and the loan term allowed the Borrower time to refinance as an exit strategy. As an asset-based lender, Rubicon does not require appraisals or credit checks and works with Borrowers to find a creative solution to their lending needs. This SFR purchase loan was funded in December 2021.
Funded By
Rubicon Mortgage Fund, LLC
Northern California’s Premier Direct Lender | No Appraisal Required