Marc Rabkin's Blog (3)

Rodeo Capital, Inc. Closes $6,392,000 Two Big Box Retail Purchases in Hobbs and Farmington New Mexico

DEAL HIGHLIGHTS: 

65% Loan to Value 

Repeat Highly Experienced Borrower

 

Borrower Utilized Rodeo’s loans to purchase an 88,914 sq ft and a 90,651sq ft Big Box Retail Locations both currently housing K Marts. Sears who owns K Mart is currently in Bankruptcy and may liquidate. Borrower is an expert in repositioning big box retail into Multi-tenant retail. Borrower has excellent relationship with retailers who have already entered into LOI’s…

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Added by Marc Rabkin on January 14, 2019 at 8:26am — No Comments

Rodeo Capital, Inc. Closes a 2-unit $393,250 Purchase and Rehab in Los Angeles CA...

DEAL HIGHLIGHTS:

65% Loan to After Repair Value

Fund Controlled Rehab Budget

Experienced Borrower

 

The subject property is a 1,520 sq ft 2-unit family home located in the Lincoln Heights section of Los Angeles California. The borrower will complete extensive renovations which will increase the value of the property and allow the borrower to refinance into a traditional laon. Rodeo Capital's loan allowed the borrower to add this property as…

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Added by Marc Rabkin on December 23, 2016 at 7:58am — No Comments

Rodeo Capital, Inc. Has Funded a $410,000 Business Purpose Single Family Residence Refinance in Los Angeles California…

DEAL HIGHLIGHTS:



65% Loan to Value

Quick Close

 

Located in Northridge California, the subject property is a  2,408 sq ft 3 Bed/2 Bath with a pool, outdoor fireplace and a built-in barbecue and refrigerator in the backyard. Rodeo Capital’s new loan allowed the borrower to pay off the current mortgage and use the remainder of the proceeds towards the purchase of an investment property in Hawaii.

 

To View this and other recently closed…

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Added by Marc Rabkin on September 25, 2015 at 11:48am — No Comments

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