What loan sizes can RPC arrange?
We can arrange both commercial real estate loans and business lines of credit from $250,000 to $250,000,000.
What types of businesses does RPC arrange capital for?
We work with companies and real estate investors looking to expand their credit options. Business that we have assisted range from small business such as restaurants, professional offices, medical offices, law firms, retailers to middle market transportation, agriculture, manufacturing, import/export, real estate holding companies, and REITs.
Who are the lenders in RPC's network?
We are oriented towards small to medium sized business and as a result a large portion of our lender data base is focusing on these credit needs. We have spent 20 years developing close relationships with underwriters at local credit unions, regional banks, and national banks, and private lenders so that our client have the best opportunity for loan approval.
In what states can RPC arrange debt?
Riverside Park Capital primary focus is in the NY Metro Area but our lender network covers all 50 States of the US, Canada, and the UK
Beyond specific knowledge of the credit market what other value does RPC provide?
We package your loan to ensure approval. The entire staff of advisors are credit trained, meaning they have the same corporate skillset of that of the underwriters approving your loan.
What is timeline for loan requests from application to funding?
The time period for fundings depends on the type of loan you are seeking. An SBA Express loan or a commercial real estate bridge loan, for example, can be completed in 2-3 weeks while an SBA 7a or a CMBS loan will take 6-8 weeks. We try to fund all loan request in under 45 days application to close.
What Are Your Fees?
Our typical fee is 1% of the loan transaction however in certain circumstances if another party is involved in your loan request this fee could be as high as 2% of the credit facility particularly if the credit amount is below $5,000,000.
What are some of the reasons why loans requests are slow and not sucessful?
The speed of a transaction depends entirely on how quickly we receive all the documents we request from our clients. We put forth 110% of our effort once we have collected all of the necessary elements of a loan package starting with a pre-screening credit memo ending with a package submission. The key delays are environmental and appraisal reports, both of which are 3rd party processes that can happen in tandem with any loan submission. Ultimately the success or failure of a loan request is determined by the credit profile of the client and the viability of the project or business.