Rodeo Capital, Inc. Closes a $2,285,000 Purchase and Construction Loan in Los Angeles California

[Marc Rabkin]

 

DEAL HIGHLIGHTS:

 

47% Loan to Value

 

Fund Controlled Construction Budget

 

 

The loan from Rodeo Capital allowed our experiences client to close on a 2,635 sq ft 2-story, 4 bedroom, 3 bathroom home in the desirable Hancock Park Wilshire area of Los Angeles. The property is a shovel ready project with plans for a 9 unit condominium building. The building will be comprised of 3 stories with a unit mix of: (6) 2bedroom 2.5 bath, (3) 3 bedroom 2.5 baths. The construction project will be fund controlled by a Rodeo Capital, Inc. approved 3rd party fund control company. It is projected that the building will be completed in approximately 9 months.

 

To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at: http://rodeocapital.com/2285000hancockpark/

 

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