Rodeo Capital, Inc. Closes a $2,451,000 Business Purpose Single Family Residence Construction in Sherman Oaks California

DEAL HIGHLIGHTS:

 

64% Loan to After Completed Value

 

Full Interest Reserves

 

Fund Controlled Construction

 

Experienced Borrower with over 15 Successful Builds.

 

The subject property when built will be a 7,000 sq ft highly appointed 6 bed/ 5.5 Bath home with a pool, outdoor fire pit, pool house, BBQ area, gym, office and sauna. Experienced Borrower with over 15 Successful Builds.  Rodeo Capital allowed a small 2nd Trust Deed to help bridge the funding requirements. New loan by Rodeo Capital refinanced the current mortgage and provided the full construction funds needed to build this beautiful home. Borrower will sell the property once completed as an exit to our loan as he has done with all his other homes that he has built.

 

 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-2451000-busines... 

 

 

 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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