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