Rodeo Lending closes a $4,357,500 Loan for Ground-up Construction

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August 5, 2021

Rodeo Lending’s repeat client, a well-established vacation rental operator, came to Rodeo looking to refinance a single-family residence in West Palm Beach, FL. The borrower needed financing to demolish the existing structure and build, ground-up, a  new SFR to add to his portfolio of vacation rentals. The subject property, when complete, will be a 4,345 square foot 4 bed 4 bath waterfront home with a pool, spa, and high-end finishes.

Deal Highlights:

  • 61% LTV
  • Experienced Operator of vacation rentals
  • Repeat client

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