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
