The borrower came to Rodeo Lending for a refinance loan once his current loan came due to secure more time to finalize a lease on the last remaining vacant space. The property is a seven-unit 10,000-square-foot retail center consisting of regional and national tenants. The borrower will exit our loan with a sale of the property when fully stabilized.
- 80% Occupied with National and Regional Tenants
- 68% Loan to Current Value