Lake Tahoe, CA

$2,500,000

Single Family Residence

Refinance

04/24/2018
Transaction by
Rubicon Mortgage Fund, LLC
Borrowers purpose for this loan was to payoff an existing loan and recapitalization of their business. Rubicon provided a $2.5M loan for 18 months using this family vacation home as collateral to pay off the business credit line that had matured. Borrower's exit strategy is to use proceeds from the sale of their industrial building outside of San Diego to pay off our loan. This beautiful wood-framed home is right on the lake in Tahoe and includes 4 bedrooms and 5 baths and it's own lake pier. The loan-to-value was less than 50%.