$1,500,000 Multi-Tenant Retail Center Refinance
Brownsville, Texas



Property Type

Loan Type

May 19, 2022

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.

Closing Highlights

  • 80% Occupied with National and Regional Tenants
  • 68% Loan to Current Value

You May Also Like…

$5,500,000 Cash-Out Refinance

$5,500,000 Cash-Out Refinance

PAIA, HI- For a cash-out refinance, our repeat borrower wanted to utilize the existing equity in their beautiful...

Rodeo Lending