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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

    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

    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

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

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

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

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

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    how will the loan be paid off?

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