Do you need Commercial Real Estate Funding? Riverdale Funding, LLC has a common sense approach to lending.

[Diego Bedoya]

We are the Brokers/Investors choice for Direct Hard money lending on commercial real estate. 

Riverdale Funding, LLC offers commercial brokers and investors these powerful advantages:

•NO FINANCIALS REQUIRED                                                                                          

•ALL credit accepted                                                                                                       

•Loan amounts $250K to $10M                                             

•Up to 65% loan-to-value ratio    

•Loan terms 1 to 3 years              

•Interest only loans

•Lending decisions that are asset-based not credit-driven

Currently, our financial solutions are available for investors in the following states:

Alabama Colorado Connecticut Delaware Florida Georgia Hawaii Illinois Indiana Louisiana Maine Maryland Massachusetts Minnesota Montana New York North Carolina Ohio Oregon Pennsylvania Rhode Island South Carolina Texas Utah Virginia Washington Washington, DC Wisconsin Wyoming

[Carole L Singh]

NO Fees will be paid before closing, all appraisals, lawyers fees, insurance, title work surveys, architects fees, town planning and plot plan fees be paid by us and counted as down payment towards "skin in the game". 

 

1) Size of loan? Blanket loan for purchase & rehab $600,000

2) Type of property & Address of property?  

4 pieces........

(1) multifamily,

(1) multifamily 

(1)single family rehab and 

(1) below market land for building 

3) Current as-is value of property and how is that value being arrived at?

#1 multifamily 1 $100,000 Comps in area

#2 multifamily 2 $156,000 Tax appraisel

#3 single family $82,600 Tax assessment

#4 2.89 acres with river frontage, $20,000 asking price for building home

4) Detailed Breakdown of the Uses of the proceeds?  All will have ARV done by pre-appraisal per my renovation specifications and comps in area.

#1 Acquisition $100,000  $50,000 rehab ARV $225+/-

#2 Acquisition $95,000  $50,000 rehab ARV $225

#3 Acquisition $54,900  $75,000 rehab total gut  ARV $199,000+/-

#4 Acquisition $20,000  $150,000 to build log cabin or custom home ARV $250,000+/-

Balance for misc costs, permits appraisals etc.

5) Length of loan?

1 year renewable, option to convert to conventional rental loan for each

6) Exit strategy?

#1 hold as rentalRental

#2 Sale or hold as rental

#3 Sale or hold as rental

#4 Hold as rental

7) Borrower’s Pricing Expectations (rate & point wise)

8%, 1-2 points

8) Are you the Borrower or a Broker?

Borrower

9) If this is a purchase, how much down payment is the Borrower bringing to the closing table as a down payment towards funding?

We will have $30,000 cash towards the full portfolio expenses if the loan is approved and can move ahead promptly.

[Carole L Singh]

Are you still lending?

[Sir Donald Davis]

Please email me about this funding [e-mail]  A.S.A.P

[Sir Donald Davis]

I would like some one to email me direct about thisfunding your company has My email is

[e-mail] please email me soon thanks