We Provide Real Estate Secured Lending to Business Owners and Real Estate Investors
ROCBILT Commercial Lending provides real estate capital to businesses, developers and investors for urgent needs to acquire, reposition or stabilize properties. We can help with discounted note acquisitions, debtor in possession financing, property rehabilitation and tenant improvement plans.
Bridge and Hard Money Financing
Bridge and hard money loans are used for urgent needs on properties that produce unstable or no income, have under utilized or vacant space or need complete renovation of the interior or exterior space to attract new tenants. These are short-term, interest only loans that are closed quickly to allow the borrower to cover time sensitive expenses or when there is an urgent need to close the loan.
Bridge and Hard Money Loan Criteria
- Loan Amounts: $500,000 to $50,000,000+
- Property Types: Multifamily, Office, Retail, Industrial, Mixed Use and Hotels
- Geography: Nationwide
- Loan to Value: Up to 70%, 75% of stabilized value and 85% LTC
- Terms: 1-3 years, interest only
- Rates: 8% – 14%
- Points: 2 – 6
- Pre-Payment: Often no pre-pay penalty
- Recourse: Recourse and non-recourse options available
- Closing time: 1 – 4 weeks