Rodeo Capital, Inc. Closes a $2,625,000 Business Purpose Single Family Residence Refinance in Dallas Texas
Subject property is a beautifully appointed estate which is 14,576 feet on a 1.17 acre lot. The house is equipped with an elevator, 6 car garage, world-class swimming pool, spa, pool house, barbeque area, and tennis court. Property was bought through an auction with very short term financing. The new loan by Rodeo Capital paid off the existing short-term purchase loan and allows the borrower time to do some cosmetic rehab and then sell the property or refinance into a permanent loan.
44% Loan to Value