55% Loan to After Completed Value
Experienced Repeat Borrower
Built-In Interest Reserves
The subject property is a 49,793 sq ft former Albertsons 35 miles north of Seattle; in the fastest growing city in the state of Washington. Repeat Borrower has signed NNN leases in place with 2 National tenants and is in negotiations with a 3rd tenant to take occupancy to 100%. Rodeo Capital's loan allowed the borrower to pay off the current acquisition loan on the property and to provide Tenant Improvements. Borrower will exit loan with a conventional refinance or sale of the property.
To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at: https://rodeocapital.com/rodeo-capital-inc-closes-a-3545000-commerc...
To learn more about these loans or our overall lending capabilities, please contact Marc Rabkin at 310-909-7334 or firstname.lastname@example.org