Marc Rabkin's Blog – January 2019 Archive (1)

Rodeo Capital, Inc. Closes $6,392,000 Two Big Box Retail Purchases in Hobbs and Farmington New Mexico

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…

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Added by Marc Rabkin on January 14, 2019 at 8:26am — No Comments

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