Borrower utilized the Rodeo loan for construction completion of two retail buildings with a combined size of 15,500 SF, located in the beautiful and prestigious new Montecito Vista Planned Community. The loan will allow the borrower to complete the project in preparation for sale. Rodeo has successfully funded this borrower on multiple loans and as a result helped the borrower significantly increase his net worth.
- 42% Loan to Stabilized Value
- Fund Controlled Construction Completion Budget
- Built in Interest Reserves
- Repeat Highly Experienced Client