Rodeo Capital, Inc. Closes a $2,050,000 Purchase Loan on a Retail/Office Property in St. George Utah

[Marc Rabkin]

DEAL HIGHLIGHTS:

 

49% Loan to Value

Time Sensitive Transaction Closed in 1 Week!

Experienced, Repeat Borrower

 

The subject property is a 100% occupied important iconic building in downtown St. George Utah. It is a 4-story 15,479 square foot multi-tenant retail/office property with an attached annex located in a great location in a central courtyard complex. This was a time sensitive transaction that a conventional bank could not close in the required time. The repeat borrower came to us with only 1 week left in escrow. Rodeo Capital saved the day and closed this loan before the borrower lost his large “hard” deposit and the purchase of this highly sought after property. Borrower plans to upgrade common areas, increase rents to current market rate and will exit our loan with a conventional bank refinance.

 

 

To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at: https://rodeocapital.com/retail-office-property-in-st-george-utah

 

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