Our borrower partnered with Rodeo Lending for a cash-out loan to fund improvements to the subject property—a fully leased, two-story, six-unit apartment complex located in the Gulf Coast community of Brownsville, TX. With 4,200 square feet of leasable space, the property presented an excellent opportunity for the borrower to unlock equity and reinvest in enhancing the asset.
Property Spotlight:
- Borrower looking for long term financing
- 50% LTV
- 6 Unit Property
- Cash out for property improvements
Deal Highlights:
- Proven Expertise: Long time property owners with a portfolio of investment properties
- Strategic Cash Out: Rodeo’s financing solution empowers borrowers to prepare for financial success
- Prime Location: Property neighborhood has a stable economy, a residential and commercial community, close to the Gulf and known for its year-round subtropical climate
- Permanent Financing: Rodeo’s flexible DSCR loan offering allows permanent financing for income generating properties.
- 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.
