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

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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

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