Rodeo Lending Closes a $3,640,000 Retail Center Refinance in Milledgeville GA

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August 5, 2021

The subject property is an 83,225 sq ft retail center currently 97.7% occupied with major national tenants. Rodeo’s loan was utilized to pay off existing debt. Additionally, the loan provided the Tenant Improvement funds for 2 of the units that were leased out by national chains. The borrower will exit Rodeo’s loan with a conventional refinance or sale of the property when it is stabilized.

DEAL HIGHLIGHTS:

  • 70% Loan to After Repair Value
  • Fund Controlled Tenant Improvement Budget
  • Built-in Interest Reserves
  • Experienced Repeat Borrower

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