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Direct Private Lender for Residential Real Estate Investors

Purchase and Refinance Loans Only – Up to 75% LTV

RBI Mortgages is a direct private/hard money lender for investment real estate in Florida, New York and Texas. We will consider residential investment properties including condos, single family homes and 2-4 units. We close fast and don’t charge pre-payment penalties. Many of our clients are foreign nationals.

Please note: We do not offer loans for owner-occupied homes.

Property Geographic Area Details

Florida, New York, Texas

Loan Amounts

$75,000 to $5,000,000

Interest Rates

7.50% to 9.50%

Max Loan-To-Value

75%

Max Loan-To-Cost

75%

Origination Fees

0.5% to 3%

Loan Terms

6 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Condominium
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Purchase Loan

25% minimum cash required for standard bridge purchase loans. 20% cash required for a rehab/flip project.

Max Loan-To-Purchase Price

80%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

2

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

5

Maximum After Repair Value

75.00%

Construction Loan

Ground-Up Construction loans available only in Florida. Borrower must contribute 45% of project costs.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

55%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Credit Report
  • Bank Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

600

Credit Check Description

If borrower has credit in the US. We can also accept foreign nationals without credit history but need to provide bank statements to show capacity to pay.

Appraisal Required for Residential Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Fees

Deposit Required

$1,500.00 to $1,500.00

Underwriting Fee

$1,500.00 to $1,500.00

Appraisal Fee

Depends on property.

Environmental Report Fee

Depends if is needed.

Fees which are mandatory for all new borrower clients

  • Deposit
  • Underwriting Fee
  • Legal Fee
  • Settlement Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Fees which are charged upfront prior to loan closing

  • Underwriting Fee

Fees which are paid to a third party company

  • Settlement Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Environmental Report Fee

Our team is composed of experienced individuals who will provide financial services tailored to your needs. After years of experience in the industry, we are confident that we will accomplish your goals by delivering to you an approval in less than 48 hours while we give you the attention you deserve.

Mission
Knowing our clients is one of the key element in the process of lending. RBI believes that transparency is a fundamental factor to achieve customer satisfaction. By providing highly competitive products with an outstanding personalized service, RBI Mortgages will gain the confidence of individuals seeking private Real Estate loan.

Why Us?

  • Instant offer, fast approval
  • Low rates, competitive and flexible terms tailored to needs
  • High quality customer service
  • Diverse paying methods, including automatic payments (ACH)
  • No prepayment penalty

License

NMLS ID 1473501

Company Size (Number of Employees)

10

Year Established

2016

Office Locations

RBI Mortgages
1920 E Hallandale Blvd, Suite 705, Hallandale Beach, Florida 33009

Primary Capital Source

  • Own Funds
  • Friends & Family

Alternative Capital Sources

  • Individual Investors
  • Asset Management Companies

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet
  • Table Funding with Capital Partner

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Banking
  • Residential Mortgage Brokerage
  • Business Finance

Percentage of Loans Secured by Commercial Property

15%

Percentage of Loans Secured by Residential Property

85%

Percentage of Residential Property Loans Which are Buy and Hold

80%

Percentage of Loans Secured by Land

5%

Total Number of Loans Funded to Date

150

Total Loan Volume Funded to Date

$50,000,000

2017 Number of Loans Funded

50

2017 Loan Volume Funded

$14,000,000

Ernesto Rostoker

President

Andres Saias

Vice President

Alejandro Rostoker

Vice President

Yohanna Torres

Accounting Specialist

Completed Transactions

RBI Mortgages

Private Loan Funding
Miami, FL
$950,000
Condominium, Portfolio of Residential Properties

Equity Cash Out

View Transaction

RBI Mortgages

Private Loan Funding
Brooklyn, NY
$1,500,000
Residential Land

Equity Cash Out

View Transaction
Before You Contact Us

Our Minimum Loan Amount Is

$75,000

What We Do

  • Residential Investment Deals in FL, NY, TX
  • Purchase & Refi Bridge, Fix & Flip
  • LTV up to 75%, LTC up to 80/100 for Flips
  • 20% Cash Required for Flip Projects
  • Foreign Nationals Welcome

Not Available

  • NO Owner-Occupied Homes
  • NO 100% Financing
  • NO Land Loans
  • NO Commercial Properties
  • NO 2nd Mortgages or Gap Loans

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

$
$
$
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$
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%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$
%

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

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1
acres

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