Construction Completion: Another successfully funded property, $1,675,000 Business Purpose SFR in Hilton Head, SC. This project, entrusted to us by a repeat borrower, highlights our commitment to financing dreams and creating spaces that inspire.
THE PROPERTY:
Nestled against the backdrop of majestic ocean views, the subject property, once completed, will stand as a testament to architectural excellence and meticulous planning. Boasting 3,680 square feet, this Spec Home is designed to perfection with four bedrooms, three bathrooms, a patio deck, a pool, an elevator, and more. It is a vision of luxury and comfort, harmonizing seamlessly with its scenic surroundings. This meticulously appointed property is more than just a construction project – it’s a vision of luxury redefined. The inclusion of a patio deck, pool, elevator, and other features speaks to the commitment to creating a living space that transcends the ordinary.
TRUSTED PARTNERSHIP:
Our repeat borrower, a seasoned investor, initially self-funded the project but chose Rodeo Lending to finance the remainder. This partnership exemplifies our clients’ trust in us to provide tailored financial solutions that align with their goals.
CLOSING HIGHLIGHTS:
- 56% Loan to Completed Value
- Built-In Interest Reserves
- Fund Controlled Construction Completion Budget
STRATEGIC EXIT PLAN:
The borrower has strategic plans for the completed property, intending to utilize it as a short-term rental. Rodeo’s flexible approach ensures a smooth transition as the borrower plans to exit our loan through a conventional refinance, showcasing our commitment to facilitating long-term financial success for our clients.
The Business Purpose SFR Construction Completion is not just a testament to our financial capabilities but also a joyous celebration of the dreams and aspirations of our clients, marking a milestone in their journey towards a distinctive, inspired living space.
For inquiries and to explore your own construction financing journey, contact us at contact@rodeolending.com or visit www.rodeolending.com.
