Rodeo Capital Recently Closed Transaction-Pensacola FL

[Marc Rabkin]

 

$1,540,000 Rate Foreign National Purchase Loan Collateralized by 2 Stabilized Apartment Complexes in Pensacola Florida


DEAL HIGHLIGHTS:*Stabilized Complexes with 90% and 100% Occupancy *As-Is 2013 NOI of $260,000 *Low Loan to Value *Impressive 1.737 Debt Coverage Ratio


The first asset is a 100% occupied, attractively maintained 36 unit apartment complex. It is comprised of 9 quadplexes that are individually platted. The second asset is a 40 unit, 90% occupied apartment complex located on Pensacola's developing North Side; consisting of ten 4 unit buildings that are individually platted. New loan from Rodeo Capital, Inc. allowed Foreign National borrower to expand on his real estate holdings in the United States.

 

ABOUT RODEO CAPITAL, INC.

Rodeo Capital, Inc. is a portfolio lender specializing in bridge loans with the utmost reliability and integrity. Rodeo Capital does “Make Sense” lending in a lending environment of unrealistic and inflexible lending guidelines. Come learn why Rodeo Capital, Inc. is the desired lender for numerous Attorneys, Accountants, Real Estate Brokers and Mortgage Brokers for their clients! We do “Make Sense” easy!


To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at:

http://rodeocapital.com/rodeo/recent-fundings


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