Luxury Redefined: $2,700,000 Purchase and Rehab Loan

Property Type

Loan Type

May 14, 2024

Rodeo Lending proudly announces the closure of a prestigious $2,700,000 Purchase and Rehab Loan, marking another chapter in our legacy of excellence. Our esteemed repeat borrower, a seasoned connoisseur of luxury fix-and-flips, entrusted us with their latest endeavor—a magnificent 3-bedroom, 4-bath, 5173-square-foot single-family residence nestled within the enchanting landscapes of Rancho Mirage, CA.

Property Highlights:

  • Location: Rancho Mirage, CA
  • Size: 5173 square feet on a sprawling 17,859 square foot lot
  • Proximity: Just minutes from Palm Springs, amidst resort-like communities
  • Legacy: Home to iconic figures like Frank Sinatra, Sammy Davis Jr, Bob Hope, and Lucille Ball

Revitalizing Luxury: Rodeo’s loan includes a construction reserve of $500,000, meticulously designated to rejuvenate and modernize every facet of this remarkable property. Our strategic investment aims to elevate its market value significantly, presenting an unparalleled opportunity for our discerning client.

Deal Highlights:

  • Value Enhancement: Witness the transformation as luxury meets innovation, adding significant value to this iconic residence.
  • Iconic Neighborhood: Immerse yourself in the rich history and allure of Rancho Mirage, a haven for the elite and the eminent.
  • Efficient Closure: With Rodeo Lending, experience a seamless and expedited closing process, ensuring your project stays on track.
  • Strategic Financing: Benefit from a favorable 63.5% Loan-to-Value ratio to After Repair Value, maximizing your returns and minimizing risk.

At Rodeo Lending, we redefine luxury financing, merging tradition with innovation to craft unparalleled investment opportunities. Join us in rewriting the narrative of luxury real estate.

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