Lending Strategy

Direct Short-Term Commercial Lending

Commercial Real Estate Lending

Red Oak Financial is a direct commercial lender that specializes in short-term financing for commercial real estate projects that don’t quite fit in the traditional finance box, but still makes sense. Loans are underwritten and serviced internally, providing more flexibility and direct customer service.

Red Oak Financial loan specialist working on a new commercial real estate loan for a client

Commercial Lending Criteria

Property Types
Hospitality
Industrial
Medical Office
Mixed Use
Multifamily
Manufactured Housing
Retail
Self Storage
Loan Amounts
$1,000,000 to $15,000,000
Maximum LTV / LTC:
Up to 75% LTV (based on stabilized value)

Up to 85% LTC (based on Executive Committee approval)
Loan Purpose:
Purchase • Refinance • Rehabilitation • Stabilization • Expansion • Situational
Interest Rate:
8.00% - 11.00% Fixed Rate (interest only)
Loan Terms:
1 to 3-Year Terms with Extension Provisions

3 to 5 Points to Lender

Interest Accrual and Exit Fees (on higher loan-to-cost transactions)
Location:
Primary, Secondary & Select Tertiary Markets

Minimum Population of 25,000 to 50,000 People

Underwriting:
Senior Position (secondary financing prohibited)

Full / Limited Recourse

Full Funding with Holdback

CONTACT US

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HEADQUARTERS
625 Kenmoor Avenue SE, Suite 200
Grand Rapids, MI 49546
616.734.6099

 

IRVINE OFFICE
4 Venture, Suite 295
Irvine, CA 92618

[email protected]