Direct Lender for Investment Real Estate Nationwide

Purchase | Refinance | Fix & Flip | Value Add | Construction

Rodeo Lending provides more practical and more flexible alternative financing options to those that don’t fit into the conventional banking system or can’t wait for its painfully slow funding process. We fund commercial and residential investment properties. In addition to core commercial property types, we consider hotels, office buildings, motels, big box retail, healthcare, assisted living facilities, infill land and more.

Property Geographic Area Details

Nationwide

Loan Amounts

$100,000 to $10,000,000

Interest Rates

7.9% to 12%

Max Loan-To-Value

65.00%

Max Loan-To-Cost

70.00%

Origination Fees

1% to 3%

Loan Terms

1 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Auto Dealership
  • Bed and Breakfast
  • Car Wash
  • Casino
  • Commercial Condominium
  • Condominium
  • Gas Station
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Mixed-Use
  • Motel
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing
  • Vehicle Parking

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Specialty Loan Types

  • Primary Residence Business Purpose Cash Out
  • Debtor in Possession

Land Loan

Description

Land must be fully entitled and infill (located in a major city)

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Office Land
  • Retail Land
  • Hospitality Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

50.00%

Max LTC for Land Acquisition

50.00%

Purchase Loan

Max Loan-To-Purchase Price

80.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

70.00%

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

75.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

15

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

no

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Deposit Required

$0 to $7,500.00

All our LOI's have an Expenses Deposit. These are Direct Expenses of the Loan outside of Title & Escrow (which are paid thru the loan proceeds) and third party Appraisal (ordered by us but paid for by the borrower at the time of appraiser's site visit). Direct Expense of the loan consists of Site Visit (airfare, rental car & hotel stay if necessary), Legal Due Diligence and Loan Docs

Multi-Purpose Lender Fee

$0 to $0

***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.

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are charged upfront prior to loan closing

  • Deposit
  • Due Diligence Fee
  • Site Visit Fee
  • Underwriting Fee
  • Multi-Purpose Lender Fee
  • Processing Fee
  • Documents Fee
  • Legal Fee
  • Funding Fee
  • Settlement Fee
  • Appraisal Fee
  • Inspection Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee
  • Background Check Fee
  • Extension Fee
  • Environmental Report Fee
  • Renovation or Construction Funds Draw Fee

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee
  • Environmental Report Fee
  • Renovation or Construction Funds Draw Fee
  • Other Fee

Legal Disclaimer

All loans described herein are offered and made by Grand Realty, LLC, a California limited liability company, dba Rodeo Lending, California Finance Lenders License No. 60DBO-79857

Additional Details

We will do a Feasibility Study for construction projects which will incur a fee to be paid by the borrower.

Rodeo was founded by business entrepreneurs with over 60 years of collective experience in conventional residential and commercial loan experience. We operate at the leading edge of the real estate industry but with a conservative and diligent approach to each of our ventures. Rodeo’s founders, Gregg Bernstein and Richard Katz, had vast experience as private investors and lenders in the Los Angeles area. Both had a network of investors that helped launch our first private mortgage fund in California. We have since grown to be a nationwide lender with a variety of creative loan programs. Our office is located in Brentwood, Los Angeles. We have loan officers located in various parts of the country.

License

CFL License No. 60DBO 79857

Company Size (Number of Employees)

15

Year Established

2012

Associations

  • American Association of Private Lenders
  • Asian Real Estate Association of America - Greater Los Angeles (AREAA-GLA)

Office Locations

11601 Wilshire Blvd. Suite 2410, Los Angeles, California 90025

Primary Capital Source

  • Debt Fund We Manage

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Residential Mortgage Brokerage

Percentage of Loans Secured by Commercial Property

77.7%

Percentage of Loans Secured by Residential Property

22.3%

Percentage of Residential Property Loans Which are Fix and Flip

18%

Percentage of Residential Property Loans Which are Buy and Hold

5%

Percentage of Loans Secured by Land

4.5%

Percentage of Commercial Property Loans Which are Ground-Up Construction

2.6%

Percentage of Residential Property Loans Which are Ground-Up Construction

2%

Total Number of Loans Funded to Date

300

Total Loan Volume Funded to Date

$433,384,649

2017 Number of Loans Funded

35

2017 Loan Volume Funded

$88,150,400

2018 Number of Loans Funded

31

2018 Loan Volume Funded

$107,453,999

Gregg Bernstein

Principal

Richard Katz

Principal

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
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months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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$
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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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