DEAL HIGHLIGHTS:
65% Loan to Value
Repeat Highly Experienced Borrower
Borrower Utilized Rodeo’s loans to purchase an 88,914 sq ft and a 90,651sq ft Big Box Retail Locations both currently housing K Marts. Sears who owns K Mart is currently in Bankruptcy and may liquidate. Borrower is an expert in repositioning big box retail into Multi-tenant retail. Borrower has excellent relationship with retailers who have already entered into LOI’s…
ContinueAdded by Marc Rabkin on January 14, 2019 at 8:26am — No Comments
DEAL HIGHLIGHTS:
65% Loan to After Repair Value
Fund Controlled Rehab Budget
Experienced Borrower
The subject property is a 1,520 sq ft 2-unit family home located in the Lincoln Heights section of Los Angeles California. The borrower will complete extensive renovations which will increase the value of the property and allow the borrower to refinance into a traditional laon. Rodeo Capital's loan allowed the borrower to add this property as…
ContinueAdded by Marc Rabkin on December 23, 2016 at 7:58am — No Comments
DEAL HIGHLIGHTS:
65% Loan to Value
Quick Close
Located in Northridge California, the subject property is a 2,408 sq ft 3 Bed/2 Bath with a pool, outdoor fireplace and a built-in barbecue and refrigerator in the backyard. Rodeo Capital’s new loan allowed the borrower to pay off the current mortgage and use the remainder of the proceeds towards the purchase of an investment property in Hawaii.
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ContinueAdded by Marc Rabkin on September 25, 2015 at 11:48am — No Comments
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