Rodeo Capital, Inc. Closes a $4,500,000 Business Purpose SFR Construction Completion in Bel Air California.
The subject property when completed will be a 5,971 square foot 6 Bed/ 5.5 bath Modern Designed Home with Pool, Spa and Roof Deck. Property also has beautiful Stone Canyon Reservoir and Mountain Views. New loan from Rodeo Capital allowed borrower to pay off current construction loan which came due and provide the capital to finish the property. The property will be marketed for sale upon completion.
- 47% Loan to Completed Value
- Fund Controlled Construction Completion
- Budget Built-In Interest Reserves