Experience the Future of Real Estate Financing with Rodeo Lending.

Nestled in Seattle’s vibrant Capitol Hill neighborhood, this mid-rise mixed-use apartment complex offers a unique blend of residential and retail spaces. With 24 spacious loft-style units spread across 20,020 square feet of rentable space, the property also includes an additional 4,043 square feet of prime ground-level retail. To further strengthen the deal, two more Seattle properties—a multifamily building and a retail/office space—have been cross-collateralized, providing extra security.

This loan will serve as Debtor-in-Possession (DIP) financing, allowing the borrower to continue operations during the bankruptcy process. Rodeo Lending worked efficiently and diligently with the borrower during this complicated transaction for a structured payoff of the current lender and restructure of the property’s rental operations, including a new management team, with the goal of stabilizing the property. Due to previous mismanagement, the borrower was forced to file Chapter 11 Bankruptcy to reorganize their business operations, stabilize their financial position, and manage their liabilities.

Once stabilization of the subject property is achieved, it will be listed for sale, and the proceeds will be used to repay Rodeo’s loan.

Property Spotlight:

• Location: Seattle, WA
• Size: 20,020 square feet of rentable space
• Features: 4,043 square feet of prime ground-level retail
• Location Advantage: Trendy neighborhood of Capitol Hill in Seattle, WA

Deal Highlights:

• Proven Expertise: Proven track record as successful entrepreneurs with thriving properties & businesses.
• Unique Structure: Court approved financing and three cross-collateralized properties
• Prime Location: Capitol Hill buzzes with energy, offering a vibrant mix of trendy bars, diverse eateries, lively clubs, cozy coffee spots, and unique indie shops.
• 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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