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.
- 65% Loan to Value
- Repeat Experienced Borrower