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 with the borrower. The borrower has successfully transformed multiple big box retail locations into multi-tenant retail locations while adding significant value to the properties. The borrower is a repeat borrower who utilizes Rodeo for the purchase and rehab of the properties. The borrower then exits Rodeo’s loan with either conventional financing or a sale. Rodeo is proud to work with repeat borrowers to help them achieve their real estate dreams.
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-3750000-big-box...
https://rodeocapital.com/rodeo-capital-inc-closes-a-2642000-big-box...
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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