(310) 400-5631 info@rodeocapital.com
Rodeo Capital, Inc. Closes a $3,545,000 Commercial Building Refinance in Marysville Washington


Property Type

Loan Type

May 31, 2018

The subject property is a 49,793 sq ft former Albertsons 35 miles north of Seattle; in the fastest growing city in the state of Washington. Repeat Borrower has signed NNN leases in place with 2 National tenants and is in negotiations with a 3rd tenant to take occupancy to 100%. Rodeo Capital’s loan allowed the borrower to pay off the current acquisition loan on the property and to provide Tenant Improvements. Borrower will exit loan with a conventional refinance or sale of the property.

Deal Highlights:

  • 55% Loan to After Completed Value
  • Experienced Repeat Borrower
  • Built-In Interest Reserves

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