The subject property is a 160,462-square foot, 17-story, urban office building; approximately 50% leased to a Governmental Agency, Borrower recently renovated the building including all new common areas, lobby, fitness center and elevators. Borrower needed a quick bridge to payoff the acquisition loan and allow him time to stabilize the property. Once stabilized, the borrower will exit Rodeo’s loan with a conventional refinance.

Deal Highlights:

• 70% Loan to Value
• Experienced Repeat Borrower
• Built-in Interest Reserves