Rodeo Capital, Inc. Closes a $1,490,000 Refinance of a Motel 6 in Daytona Beach Florida

DEAL HIGHLIGHTS:

41% Loan to After Repair Value

Fund Controlled Property Improvement Plan (PIP) Budget

The subject property is a 42,646 sq ft 95 room Motel 6, 1.5 miles down the street from the newly redone Daytona Beach International Speedway. Rodeo Capital's loan allowed the borrower to consolidate several loans and fund the renovation of the Motel 6 to bring it up to date to the latest Motel 6 design.

To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at: http://rodeocapital.com/1-49m-daytona-beach/

 To learn more about this loan or our overall lending capabilities, please contact Marc Rabkin at 310-909-7334 or mrabkin@rodeocapital.com 

 

Views: 14

Reply to This

© 2017   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service