Private Lending
Many opportunities in real estate require the use of short-term financing. RCP offers borrowers bridge loans, mezzanine loans, and subordinate financing for a wide range of uses at competitive terms. Sometimes an unusual circumstance in a project can complicate financing from a traditional lender. We offer our clients the ability to facilitate quick closings or to capitalize on a short-term market fluctuation.
A glimpse of our offerings:
- Loan Amounts $100,000 to $3 million
- Rates start at 9%, interest-only
- 1-2 year terms
- No prepayment penalties
- LTV up to 80%
- First and second lien mortgages
- Very flexible underwriting
- Ability to close in one week
- Must have commercial/investment real estate collateral
- Delaware and surrounding counties of PA, MD, NJ
Examples of scenarios for our private lending program include:
- Construction, construction completion, renovation, tenant improvements
- Partnership buyouts, 1031 exchanges, time sensitive purchase contracts and auctions
- Bankruptcy or foreclosure bailouts, discounted payoff agreements
- Non-stabilized properties with expiring/expired leases
- Investment property acquisition and rehabilitation