Private Lending Insights

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

What is Private Lending Insights?

A podcast about private mortgage lending for residential and commercial real estate investors. It's also known as "hard money lending" or "bridge lending." Most of it is short-term financing with terms less than 2 years, but we also cover long-term loans. We focus on loan origination but also share insights about the capital side of the business.