Rodeo Capital, Inc. closes a $393,250 2-unit Purchase and Rehab in Los Angeles California.
The subject property is a 1,520 sq ft 2 unit 2 family home located in the Lincoln Heights section of Los Angeles California. The borrower will complete extensive renovations which will increase the value of the property and allow the borrower to refinance into a traditional loan. Rodeo Capital’s loan allowed the borrower to add this property as an important addition to their real estate portfolio. Deal highlights:
- 65% Loan To After Repair Value
- Fund Controlled Rehab Budget
- Experienced Borrower