Rodeo Capital Inc

About Rodeo Capital Inc

Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and flip loans, loans for investments properties, and commercial hard money loans. Their lending parameters are versatile, including rates starting at 7.99% and loan amounts ranging from $250,000 to $12,000,000 with a maximum LTV of 65%. They make loans on all of the following types of properties: single family units, multi-family, apartments, office units, retail units, hotels, storage facilities, mixed use buildings, industrial buildings, and medical offices.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Mixed Use, Industrial, Medical

Areas Served: National

Lending Guidelines for Rodeo Capital Inc

Below are the general loan guidelines published on the Rodeo Capital Inc website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Rodeo Capital Inc.

Loan Example 1

Sue finds a condo in Kansas City, MO to renovate and re-sell. Since she doesn't have enough cash available to acquire the $360,000 project outright, she takes out a hard money loan from Rodeo Capital Inc. The loan to value (LTV) on the loan is 55%. This means Sue will bring 45% of the sales price to the closing and the principle will be $198,000 on the note. The parameters of the note also stipulate a four percent origination fee that is to be paid at the closing and a 12 month, interest only note with a 10% interest rate.

Therefore, the borrower will be required to contribute a $162,000 down payment plus pay a $7,920 origination fee. The monthly interest only payments will then total $1,650 to Rodeo Capital Inc. Sue's plan is to finish the renovation within the 12 months and re-sell it for $450,000. If she succeeds she will collect a gross profit of $62,280 ($450,000 price - $198,000 principle - $162,000 cash at closing - $7,920 origination fee - $19,800 in total interest paid.

Loan Example 2

Arnold locates a property in Tulsa, OK to renovate and resell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Rodeo Capital Inc with the following parameters:

a) A $210,000 purchase price, b) a 60% loan to value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 5% origination fee.

After the rehab project is finished, if Arnold sells the property for $315,000, the outcome would be the following:

$315,000 sales price
- $126,000 note principle (60% LTV)
- $84,000 down payment (40% on 60% LTV)
- $6,300 origination points (5% of the $126,000 principle amount)
- $8,190 interest payments (6 months x 13% interest)
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= $90,510 total profit (doesn't include taxes or rehab costs)

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