The Subject property when completed will be a 5,091 sq ft 4 story, 7 unit apartment building with a cellar level located in the up and coming neighborhood of Greenpoint Brooklyn. The residential units include 4 one bedroom/1 bathroom units and 3 two bedroom / one bathroom units. Rodeo Capital’s new loan allowed the borrower to pay off existing mortgage and to complete the construction of the property.
- 52% Loan After Repair Value
- Fund Controlled Rehab Budget
- Full Interest Reserves
