RB Funding

Products

Hospitality (Hotel/Motel)

Unlike many in the financing industry we understand Hotels are more than just another piece of commercial real estate. Hospitality funding for your project requires working with those who understand that these unique property types are also complex operating businesses.


Often this fact is overlooked by many lender/investors providing capital. We know the challenges, complexities, of hotel ownership, coupled with the ability to generate significant returns on investment for these well managed business properties.


In the current market we continue to see hospitality assets purchased at a reduced price across the U.S. representing an immense opportunity for investors and owners.


Our represented clients benefit from:

1- Our working knowledge of the Hospitality industry.
2- Project analysis, pre-underwriting skill sets, assistance and review of market funding options.
3- Feasibility market study
4- Management team recommendations
5- Flag request for owner PIP upgrades and other requirements
6- Structured finance options
7- Access to a wide range of funding resources.

Capital Resources Non SBA USDA:

Available for construction and existing projects
1st position only debt
Investor only ownership is allowed unlike SBA or USDA

Minimum requests are $5mm and up under this program
Loan to value 75% existing projects and 65% loan to cost for construction
Will consider cross collateral using like property types
Appraisals will be requested
Close 45 to 60 days

For responsive consideration, send Executive Summary of the project and financials. Letters of Interest will provide conditions including documentation needs.


In Addition Hotel Renovation program:

Capital provided for hotel renovations and FF&E including new construction projects
Terms 3 to 10 years fully amortized over the useful life
Current rate range between 6.5% and 9% depending on credit
review, scope of project
**Interest only options** available based on repositioning or stabilization needs
Collateral: UCCs are filed on Furniture, Fixtures, & Equipment.

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SBA 504


This is a fixed rate, long term program for small businesses in acquisition of fixed assets, including land and improvements, new facilities, existing buildings, machinery and equipment. New--the American Recovery and Reinvestment Act of 2009 made some permanent changes to the 504 program including the ability of borrowers to refinance existing debt.

Loan size from $100,000 to $10 million
Purchase up to 90% loan-to-value (with bank first and CDC
second combined) depending upon property type
Owner Occupied to 50% plus of the owner user property
Amortization periods from 20 to 25 years
Credit score 680 currently
CDC Second Mortgage up to 40% loan-to-value with 20 year fixed terms
For rates and pre-payment periods contact us at 866-545-2953

Typical example of owner user property types include: Hotels/Motels, Bed/Breakfast, Office Warehouse, Office Condos, Manufacturing, Child Day Care, Gas Stations, Beer/Wine, Liquor Stores, Franchised Restaurants, Assisted Living. Professional practice such as Dentist, Doctor, Veterinarian, CPA, and Legal
.

SBA 7(a)

This is a non-fixed rate program providing capital for both land and building, renovations and new construction, working capital, machinery, equipment, furniture, fixtures, leasehold improvements and debt refinancing. Purchase an existing business-Franchises. Funds are also provided to business who occupy leased space.

Loan size from $250,000 up to $5 Million

Maximum loan-to-value 90%
Term 7 to 25 years
Personal guaranties of principals are required holding 20% or more.
Partner buyouts allowed
Fees can be rolled into the loan amount dependent on guaranteed portion of the loan
Property types include those listed under section 504 above as typical
Credit Score 680 currently

Collateral: Business assets, personal assets as necessary if the collateral involved is not sufficient and/or if deemed necessary, a borrower's personal residence may be offered or required.


USDA Business and Industry

The purpose of the B&I program is to improve, develop, business, industry, and improve the economic area of rural communities.
Loan size to $8 million
Loan-to-value 90%
Rates; Currently offering fixed or variable programs
Borrower types can include legal entity groups or organizations including for profit and nonprofit.
Collateral: Business assets and personal guarantees of
principals

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Bridge Capital
 is a valuable resource for short-term capital secured by real estate. Loans are fast, flexible, and catered towards the specific requirements of each client and property type. Our focus is providing innovative and flexible funds in just a matter of days arranging capital quickly and with little documentation.

Products Benefits Are:
  • Interest only payments
  • Loan Terms 6 months to 3 years
  • Loan to value ratios Up to 75%
  • Quick closings from 5 to 14 days
  • Foreign Nationals are eligible 
  • Limited documentation
  • May or may not require an appraisal
  • Collateral to include all types of Commercial real estate and Residential held as investment only.
  • Under performing property in need of capital improvements
  • Partner buy-outs

Interest rates are not bank rates however these products are often used to fill a short term need or
Opportunity.


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Often Overlooked Is Our Creative Ability To Structure Capital Through A Variety Of Uncommon Methods:

Securities-Based Assets is one Example:

This Funding Platform allows clients to use assets of stocks, bonds, mutual funds, MTN's as an example as collateral to obtain funds for any purpose. The funding program allows clients to pledge their securities portfolio to obtain either direct funding or a line of credit for personal or business use. Clients maintain their portfolio in their own name, and there is no liquidation of the assets and the client may still trade or sell their securities. There are No Credit or Income Requirements. Only the collateral for the loan is the pledged asset.

Benefits
:

  • Rates below 4.20% - Fixed
  • Credit and income are not a consideration
  • No closing costs
  • Loan-to-values are up to 80% (90% T-notes or MTN's)
  • Funds used for any purpose
  • Non-recourse
  • Capital from this source can be used to satisfy guideline, structure requirements, when qualifying tor other funding arrangements or stand alone resource for any capital needs
  • Close within days
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Business Capital (without real estate)
We realize each business is different and has its own unique financing needs and requirements. We offer assistance with:

Equipment, Inventory, Purchase Order, and Accounts Receivable funding programs


We can help your business grow with access to immediate Capital with in 72 hours.