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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
- Commercial Bridge
- Commercial Property Value Add
- Commercial Ground-Up Construction
Specialty Loan Types
- Debtor in Possession
- Primary Residence Business Purpose Cash Out
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
noMax LTV for Land
50%Max LTC for Land Acquisition
50%Max Loan-to-Purchase Price
80%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Seller Financing
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
0Maximum After Repair Value
70%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
3Max LTC for Ground-Up Construction Costs
75%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
yesDeposit Required
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
***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 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
Contact Rodeo Lending
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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.
Associations
- American Association of Private Lenders
- National Private Lenders Association
- Asian Real Estate Association of America - Greater Los Angeles (AREAA-GLA)
Office Locations
11601 Wilshire Blvd. Suite 2410, Los Angeles, California 90025Our Team
Gregg Bernstein
Principal
Richard Katz
Principal
Contact Rodeo Lending
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