Rodeo Capital, Inc. Closes a $3,800,000 Business Purpose SFR Refinance in Las Vegas, Nevada.
The subject property is a beautifully appointed 9,674 square foot modern designed home with 5 Bed/ 4.5 Bath on a 1.39 acre lot with mountain views located in a guard gated development around a signature golf course. Borrower uses the home as both a high end weekly rental and also as a corporate retreat for his many businesses. The new loan by Rodeo allowed the borrower to reimburse his company that had recently paid off a matured mortgage and take additional cash out to fund an acquisition for the borrower’s business. Borrower will exit our loan through proceeds from his business expansion or by a conventional refinance.
Deal Highlights: 60% Loan to Value