Rodeo Lending Closes a $3,510,000 Flex Office Building Refinance in Peoria IL

Property Type

Loan Type

August 5, 2021

The subject property is an 85% Occupied 100,625-square foot flex office park on a 7.82-acre parcel. The property currently has two investment-grade rated tenants. Rodeo’s loan will allow time for property stabilization so the borrower can exit Rodeo’s loan with a long-term refinance of the property. The borrower is very experienced and has a successful track record.

DEAL HIGHLIGHTS: 

  • 65% Loan to Value
  • Repeat Experienced Borrower

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