Rodeo Capital, Inc. Closes a $6,870,000 Purchase of 16 acres of Commercially Zoned Land in St. George Utah

[Marc Rabkin]

DEAL HIGHLIGHTS:

 

47% Loan to Value

Seller Carry

Built-in Interest Reserves

Fund Controlled Cash Out for further Property Development

Land Loan Closed in 1 Week!!!

 

The subject property is 700,000 sq ft (16 acres) of commercially zoned land in one of the fastest growing cities in the country; Saint George Utah. There are 15 designated retail pads with 6 drive-thru’s approved and 10 leases pending including McDonald’s, Starbucks and Albertson’s. Borrower was able to acquire property for over 35% below recent comps. Borrower will exit the loan through development financing or sales of the individual pads.

 

 

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-6870000-purchas...

 

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