Rodeo Capital, Inc. has funded a $2,764,500 Purchase Loan on a 344 unit Multi Family Residence in Atlanta Georgia…

[Marc Rabkin]

 

 

DEAL HIGHLIGHTS:

Upside Potential with Current Below Market Occupancy
Fund Controlled Rehab Budget
Initial Loan 60% Loan to Purchase
Total Loan 41% Loan to Stabilized Value


Subject property is a 344 unit Multi Family Garden/Low Rise Property consisting of 86, two-story buildings on 29.12 acres. The property is currently operating at below market occupancy due to the fact that the last owner deferred the maintenance that would of made the property more marketable. New loan will enable borrowers to execute on their acquisition, renovation and lease-up strategy.

 

To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at:

 

http://rodeocapital.com/rodeo/recent-fundings

 

To learn more about this loans or our overall lending capabilities, please contact Marc Rabkin at 310-909-7334 or [e-mail]