California Bridge Lending with Rubicon Mortgage Fund
Description
Rocky Butani interviews Vance Hillstrom, CEO of Rubicon Mortgage Fund, for a wide-ranging discussion on California’s evolving real estate market, Rubicon’s conservative lending philosophy, and what it takes to survive and thrive in today’s private lending landscape. Rubicon has been originating bridge loans for nearly 20 years, funding deals exclusively with capital from its $150 million discretionary mortgage fund. While the firm started by focusing on the Bay Area, its lending footprint now spans the entire state of California, including a growing appetite for Southern California.
Visit Rubicon's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/rubicon-mortgage-fund/
This interview is Episode #18 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/
00:00 Intro
01:14 Market Trends
02:56 Loan Extensions
04:00 Bridge Loan Demand
06:19 First Republic Loans
10:50 Defaults & Foreclosures
12:17 Loan Volume
14:34 Portfolio Mix
17:20 Property Types
19:45 Gas Stations & Hospitality
21:52 Lending Regions
27:46 Guidelines & Terms
33:46 Valuation Process
39:29 Deposits
41:12 Rehab & Construction
42:30 Broker vs Borrower
43:19 Loan Examples
49:16 Team & Operations
50:49 Mortgage Fund
55:33 Closing
United States
