Rodeo Capital, Inc. Closes a $1,490,000 Refinance of a Motel 6 in Daytona Beach, FL.

The subject property is a 42,646 sq ft 95 room Motel 6, 1.5 miles down the street from the newly redone Daytona Beach International Speedway. Rodeo Capital’s loan allowed the
borrower to consolidate several loans and fund the renovation of the Motel 6 to bring it up to date to the latest Motel 6 design.

Deal highlights:

  • 41% Loan To After Repair Value
  • Fund Controlled Property Improvement Plan (PIP) Budget