Danville, CA

$1,300,000

Single Family Residence

Refinance

05/29/2015
Transaction by
Rubicon Mortgage Fund, LLC
Rubicon Mortgage Fund funded a $1,300,000 private money bridge loan secured by a large single family home in Danville, Contra Costa County, CA. The Borrower needed to cash out equity on his primary residence to use for his business. We paid off the previous lender and provided some cash out to the Borrower within a short time frame. He estimated the value of the home at around $2,100,000 so the loan-to-value for this bridge loan is 62%. The Borrower plans to refinance out of this 1st trust deed private mortgage through a traditional lender within one year. It was funded in May 2015.