$2,587,500 Spec Home Purchase Loan

Property Type

Loan Type

September 18, 2024

Experience the Future of Real Estate Financing with Rodeo Lending.

Our client came to us with a quick closing request to secure the purchase of a highly sought-after property. This 8,239 sq ft Colonial-style home, featuring 9 beds and 7.5 baths, is situated on 1.23 acres. The borrower plans to subdivide the property into two lots and build 10,000 sq ft spec homes on each, as these types of homes are very popular in Greenwich. They will likely exit the loan with a Rodeo Lending construction loan.

Property Spotlight:

  • Location: Greenwich, CT
  • Size: 8,239 square foot Single Family Residence on 1.23 acres
  • Features: Future subdivision and future construction of 2 homes after subdivision is complete
  • Location Advantage: Known for it’s proximity to New York City, Greenwich is home to multiple hedge funds and financial service firms
Image of dining room og existing home.
Image of front exterior of existing home.

Deal Highlights:

  • Proven Expertise: Long time property owners in the medical industry.
  • Strategic Cash Out: Rodeo’s financing solution empowers borrowers to prepare for financial success
  • Prime Location: Located within walking distance of the prestigious downtown of Greenwich, CT.
  • Bridge Loan Convenience: Rodeo’s flexible bridge loan offering allows you to navigate the transition period while you prepare for permanent financing.
  • 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.

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