Experience the Future of Real Estate Financing with Rodeo Lending.
Our clients acquired an older duplex, all cash, with plans to demolish the existing structure to make way for a new affordable housing development. The proposed development is a five-story apartment building comprising 33 units and spanning 24,270 square feet. It will include twenty-eight 1-bedroom, 1-bath units and five 2-bedroom, 2-bath units. The borrowers bring extensive experience in ground up multifamily builds. Upon completion, they plan to refinance conventionally and hold the property as a long-term portfolio asset.
Property Spotlight:
- Location: North Hollywood (Los Angeles area), CA
- Size: 24,270 square feet of gross building area
- Features: Construction of 33 unit multifamily property
- Location Advantage: A vibrant neighborhood blending unassuming residential streets with the lively energy of the NoHo Arts District.
Deal Highlights:
- Proven Expertise: Proven track record as successful multifamily owner
- Ground-up: Rodeo’s in-house fund control department is with you from underwriting to certificate of occupancy
- Prime Location: Up-and-coming playhouses thrive alongside eclectic art galleries, creating a dynamic arts scene.
- 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.
