49% Loan to Value
The subject property is a newly renovated and stunning 4 bed/ 5.5 bath 2570 sq ft home with a 1250 sq ft guest unit on the lower level. Located in Noe Valley, an upscale neighborhood to many urban professionals and families in San Francisco. With high end fixtures, appliances and reclaimed teak, the borrower invested about $2 mil of his own funds into the project. Proceeds from Rodeo Capital's new loan were used to payoff the existing construction lender, giving the borrower sufficient time to market and sell the property.
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