$1,900,000

Rubicon Financial Fund, a direct private loan provider, financed a $1,900,000 initial lien status private currency financing on the acquisition of a two-tool residential property regarding the Presidio Levels community off Bay area, California. I funded 55% of your $1,975,000 purchase price, because the Debtor provided forty five% in the closure. This new advance payment for it exchange was covered from the leveraging a great rental possessions https://speedycashloan.net/installment-loans-in/ because guarantee. The newest Debtor, a skilled Client having a track record of effective transactions totaling more half dozen with Rubicon, contributed to a keen expedited closing techniques, completed within this a single month. Inspite of the expeditious nature of one’s intimate, a defer from inside the finalizing the transaction took place, due to the brand new San francisco State Recorder’s workplace. The fresh new condition refused seller data towards the four days more a period off two days prior to all of our escrow administrator effortlessly interested having an excellent representative, assisting an intensive feedback and you may solution of the submitted transaction and you can data files. [Read more…]