Rodeo Lending is proud to announce the successful closing of a $770,000 purchase loan secured by a three-unit mixed-use property in Albany, California. The asset is located in a strong East Bay submarket with long-term demand drivers and upside through stabilization.

This financing supported the acquisition of a non-stabilized property with vacancy and below-market rents, requiring a flexible short-term capital solution.

Loan Highlights

• 12-Month Term
• Purchase of a Non-Stabilized Mixed-Use Building
• Low Interest Rate
• Interest-Only Structure
• Zero Prepayment Penalty

Mixed-Use Asset with Value-Add Upside

The property consists of three total units, including two street-level storefronts that account for approximately 65 percent of the total square footage and a detached residential unit located at the rear of the property.

At the time of closing, one storefront was occupied with a below-market lease, while the remaining storefront and residential unit were vacant. This presented a clear value-add opportunity through rehabilitation, lease-up, and rent repositioning.

Acquisition Financing for Stabilization Strategy

The borrower plans to rehabilitate and stabilize the property, bring all units to current market rents, and improve overall cash flow. Once stabilized, the long-term strategy is to refinance into conventional financing and hold the asset as a long-term investment.

Rodeo Lending structured the loan with an interest-only payment and no prepayment penalty, providing flexibility during the repositioning phase.

Why Borrowers Choose Rodeo Lending

• Nationwide expertise across Residential and Commercial Lending
• Fix and Flip, Ground-Up Construction, Bridge Loans, and DSCR financing
• Creative loan structuring for transitional assets
• Concierge-level execution from start to finish

At Rodeo Lending, we deliver speed, sophistication, and certainty while helping investors acquire, reposition, and scale their portfolios.

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