Experience the Future of Real Estate Financing with Rodeo Lending.
We provided a purchase and rehab loan for a 6-unit multifamily property located in Norfolk, VA, a vibrant waterfront city in southeastern Virginia. The borrower is a seasoned multifamily developer and contractor with a strong track record of successful projects, including multifamily holdings and flips in the Norfolk area. They turned to Rodeo for a fast and efficient closing that outpaced traditional bank timelines. The allocated rehab funds are being used to enhance the units, and the borrower plans to refinance with a conventional loan upon completing the upgrades.
Property Spotlight:
- Location: Norfolk, VA
- Size: 4,820 square feet of gross building area distributed across a two-story building.
- Features: 6 unit Multifamily property and all units are occupied
- Location Advantage: Easy access to public transportation
Deal Highlights:
- Proven Expertise: Proven track record as successful multifamily developer, owner, and flipper
- Quick Closing: Three week closing which allowed the borrower to close in their needed timeframe
- Prime Location: Waterfront city in southeastern Virginia
- Bridge Loan Convenience: Rodeo’s flexible bridge loan offering allows you to navigate the transition period while you prepare for permanent financing.
- Optimized Financing: Enjoy a favorable Loan-to-Value ratio, maximizing your financial leverage while minimizing risk exposure.
At Rodeo Lending, we redefine possibilities in real estate financing, empowering our clients to transcend boundaries and confidently realize their visions.
