The subject property is a newly renovated and stunning 4bed /5.5 bath, 2570 sf home with an additional 1250 sf guest unit on the lower level. Located in Noe Valley, an upscale neighborhood home to many urban professionals and families in San Francisco. With high end fixtures, appliances and reclaimed teak, the borrower invested about $2 million of his own funds into the project. Proceeds from Rodeo Capital’s new loan were used to payoff the existing construction lender, giving the borrower sufficient time to market and sell the property.
49% Loan to Land Value