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