Rubicon Mortgage Fund
3575 Mt. Diablo Boulevard
Lafayette, CA 94549
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About Rubicon Mortgage Fund
Rubicon Mortgage Fund is an asset-based lender in Lafayette, CA providing funding throughout these areas: San Francisco County, Marin County, Alameda County, San Mateo County, Sonoma County, Napa County, Santa Clara County, Contra Costa County, Solano County, Butte County, Colusa County, Glenn County, El Dorado County, Fresno County, Kings County, Madera County, Merced County, Placer County, San Joaquin County, Sacramento County, Shasta County, Stanislaus County, Sutter County, Tehama County, Tulare County, Yuba County, Yolo County, San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, Ventura County, and Kern County. They provide lending solutions for a variety of situations and needs, including commercial hard money loans, short term fix and flip loans, hard money construction loans, and investment property loans. Their lending guidelines are flexible, including terms between 6 months and 60 months, loan amounts ranging from $100,000 to $10,000,000 with a maximum LTV of 65%, and rates ranging between 7.75% and 10.75%. They do not require their borrowers to have a minimum FICO rating to obtain a loan. They provide loans on many property types, including single family residences, multi-family, retail spaces, office buildings, industrial facilities, hotels and motels, assisted living communities, and raw land.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans
Property Types Covered: Single Family, Multi Family, Retail, Office, Industrial, Hotel, Assisted Living, Land
Areas Served: San Francisco County, Marin County, Alameda County, San Mateo County, Sonoma County, Napa County, Santa Clara County, Contra Costa County, Solano County, Butte County, Colusa County, Glenn County, El Dorado County, Fresno County, Kings County, Madera County, Merced County, Placer County, San Joaquin County, Sacramento County, Shasta County, Stanislaus County, Sutter County, Tehama County, Tulare County, Yuba County, Yolo County, San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, Ventura County, Kern County
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Lending Guidelines for Rubicon Mortgage Fund
Below are the general loan guidelines published on the Rubicon Mortgage Fund website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $100,000 - $10,000,000
Available Rates: 7.75% - 10.75%
Typical Terms: 6 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 2 WeeksFix and Flip Loans
Loan Amounts: $100,000 - $10,000,000
Available Rates: 7.75% - 10.75%
Typical Terms: 6 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 2 WeeksCommercial Hard Money Loans
Loan Amounts: $100,000 - $10,000,000
Available Rates: 7.75% - 10.75%
Typical Terms: 6 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 2 WeeksNew Construction Loans
Loan Amounts: $100,000 - $10,000,000
Available Rates: 7.75% - 10.75%
Typical Terms: 6 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 2 Weeks -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Rubicon Mortgage Fund.
Loan Example 1
Rene takes a fix-and-flip loan from Rubicon Mortgage Fund in order to remodel a condo to flip in Los Angeles, CA. The sales price of the property is $310,000. The loan-to-value (LTV) on the note is 60%. This means Rene will bring 40% of the purchase price to closing and the principle will be $186,000 on the loan. The deal also has these features: 1) a 18 month term, 2) a 8% interest-only note, and 3) a five percent origination fee.
Rene will have to contribute $124,000 to closing (40% on the 60% loan-to-value), plus he will have to pay the $9,300 origination fee. The lender will collect $1,240 in monthly interest payments from the borrower. This is calculated by taking the full loan value of $186,000, multiplying by the 8% rate of interest, and then dividing that amount by 12. If Rene sells the remodeled project for $465,000 at the end of the 18 month term, his total profit (not accounting for remodeling costs) would be $123,380. This is calculated by taking the purchase price ($465,000) and subtracting the original note amount ($186,000), the origination cost ($9,300), the money he brought to closing ($124,000), and the total interest payments ($22,320).
Loan Example 2
Lydia locates a townhouse in Los Angeles, CA to renovate and re-sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Rubicon Mortgage Fund with the following parameters:
$360,000 sales price
55% loan to value (LTV)
12 month term
12% interest rate
2% origination feeAfter the rehab project is complete, if Lydia sells the house for $450,000, the outcome would be the following:
$450,000 sales price
- $198,000 principle (55% LTV)
- $162,000 down payment (45% on 55% LTV)
- $3,960 origination points (2% of the $198,000 principle)
- $23,760 total interest paid (12 months x 12% interest)
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= $62,280 total profit (does not include taxes or rehab costs) -
by Paul 01/09/2020
Pretty terrible service. Got into an agreement on terms for a property with Rubicon. Myself (buyer) and seller went ahead with Rubicon terms. Rubicon (Max Khorasani and Lance Hillstrom) went to see the property and reduced the valuation by 100k. This made the deal fall through... That wasn't the main problem. But when it came time to refund my initial $4000 deposit with Rubicon, they only sent $2,500 back claiming that management decided it cost them $1,500 to work on my loan and drive to see the property.I never completed an application at the time, and it's a 1 hr drive from Lafayette to the property.I asked for a break down for why they think $1,500 was fair, and they argued it was a rough estimate by management.Essentially, Rubicon unilaterally decided they'll keep back $1,500 of my hard earned money even though they're the reason for the deal no going through.It's sad they're a short sighted mortgage company ripping people off their money... Being penny wise pound foolish.. Sad. I regret knowing them and doing business with them.
Pretty terrible service. Got into an agreement on terms for a property with Rubicon. Myself (buyer) and seller went ahead with Rubicon terms. Rubicon (Max Khorasani and Lance Hillstrom) went to see the property and reduced the valuation by 100k. This made the deal fall through... That wasn't the main problem. But when it came time to refund my initial $4000 deposit with Rubicon, they only sent $2,500 back claiming that management decided it cost them $1,500 to work on my loan and drive to see the property.I never completed an application at the time, and it's a 1 hr drive from Lafayette to the property.I asked for a break down for why they think $1,500 was fair, and they argued it was a rough estimate by management.Essentially, Rubicon unilaterally decided they'll keep back $1,500 of my hard earned money even though they're the reason for the deal no going through.It's sad they're a short sighted mortgage company ripping people off their money... Being penny wise pound foolish.. Sad. I regret knowing them and doing business with them.
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