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Rodeo Lending

Los Angeles, CA·Nationwide
***Rodeo Lending does not profit on any third-party services or reports needed for due-diligence. All invoices will be available upon request. If there is money left over from the expense deposit; it is applied to the loan proceeds. If there is a shortfall; the shortfall is deducted from the loan proceeds.
Rodeo Lending describing itself

Loan programs

Maximum leverage
Max LTV 70%Max LTC 70%Max ARV 70%Max LTP 75%
Maximum leverage
Max LTV 70%Max LTP 70%
Also offers— no published terms

Terms & qualification

Typical loan size
$500K – $10M
Typical term
1 mo – 24 mo
Interest rate
9.5% – 11%
Origination / points
1% to 2%
Minimum FICO
680
Lien position
1st
Prepayment penalty
Multifamily DSCR loans typically have a 3/2/1 prepayment penalty
Payment structure
Interest Only
Recourse
Always
Closing speed
21 days typical · 10 days fastest
Prepayment structure
Step-down
Cross-collateral
Yes
Equity / JV capital
No
Income documentation
Credit Report, Bank Statements, Financial Statements, Loan Application
Borrower entity
Individual(s), LLC, Limited Partnership, Trust, Corporation

Property types

Lending footprint

Explicitly excluded: AK, IL, MT, ND, NV, RI, SD

Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.