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 with the borrower.  The borrower has successfully transformed multiple big box retail locations into multi-tenant retail locations while adding significant value to the properties.  The borrower is a repeat borrower who utilizes Rodeo for the purchase and rehab of the properties.  The borrower then exits Rodeo’s loan with either conventional financing or a sale.   Rodeo is proud to work with repeat borrowers to help them achieve their real estate dreams.

 

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-3750000-big-box... 

https://rodeocapital.com/rodeo-capital-inc-closes-a-2642000-big-box... 

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

 

 

 

 

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