- Property Type : Mixed use
- Loan Type : Construction Loan
- State : Hawaii
- City : Wailuku
- Funded Amount : $2,354,000
Bridge Loan | |
Property Types | 2-4 Units, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $20,000,000 |
Interest Rate Minimum | 8% |
Points Minimum 1st TD | 2 |
Points Maximum 1st TD | 3 |
Terms | 1 year, 2 year |
Credit Score Min | 620 |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
Prepayment Penalty | No Prepayment Penalty |
General Pricing or Guideline info | 1. SFRs(1 to 4 units) A. Purchase/Rehab up to 80% to 85% of the purchase and 100% of the Rehab up to 75% ARV B. Straight Purchase(no rehab) up to 75% LTV C. Refi no cash out up to 72.5% LTV D. Refi cash out up to 70% LTV Loan amounts from $150k to $3 mil FICO 620 min At least 3 flips or Buy and holds in the last 3 years 2. Multi Family and Mixed Use A. Purchase/Rehab up to 80% Purchase and 100% rehab up to 70% ARV B. Straight Purchase up to 75% LTV C. Refi No Cash Out up to 72.5% LTV D. Refi Cash Out up to 70% LTV Loan amounts from $150k to $10 mil FICO 620 min At least 3 Flips or Buy and Holds in the last 3 years Our Range of Terms are: 1 to 2 Years Interest Only |
Updated as of | 2023-11-22 |
Program Code | LG366 |
Summary of all Guidelines | |
Loan Types | Bridge Loan, Construction Loan, Hard Money Loan, Rehab Loan |
Property Types | 2-4 Units, Assisted Living, Medical Office, Multi Family, Office, Retail, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $500,000 |
Loan amount Maximum | $15,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 11% |
Points Minimum 1st TD | 2 |
Points Maximum 1st TD | 3 |
Terms | 18 months |
Interest Only or Amortized | Interest Only |
Prepayment Penalty | None |
LTV Bridge | 65 |
LTC Construction | 80 |
Upfront Fees | Appraisal, Legal Review, Loan Documents, Processing |
ARV Rehab & Construction | 65 |
LTC Rehab | 100 |
Personal Guarantee /Recourse Required | Recourse |
Intended Occupancy | Non-Owner |
NMLS ID | 793154 |
Richard is co-owner and President of Rodeo Capital, Inc., a California licensed broker of private and conventional real estate loans in Los Angeles, California.
Since 2012, Richard has been involved in more than $1,000,000,000 of private money loans.
Gregg is co-owner and Chief Executive Officer of Rodeo Capital, Inc., a California licensed broker of private and conventional real estate loans located in Los Angeles, California.
Since 2012, Gregg has been involved in more than $1,000,000,000 of private money loans.
Rodeo Capital is located in Los Angeles, CA. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans and Rehab Loans. The property type they primarily lend against is SFR, 2-4 Units, Assisted Living, Multi Family, Office, Retail and Medical Office. Their minimum loan amount is $500,000. Their maximum loan amount is $15,000,000. They offer loans for a minimum Term of 6 months. Maximum duration of 18 months. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 11%. Points charged are deal specific, but historically have charged a minimum of 2. Maximum points charged are 3.
These descriptions are limited information and meant for general reference purposes.