Direct Lender for Real Estate Investors in the Northeast

RD Advisors provides commercial & non-owner occupied residential real estate loans in urban areas across the United States, with a focus on the Northeast. Our loan types include:  (1) acquisition and rehabilitation financing, (2) senior loans on ground-up residential developments, and (3) bridge loans for cash-flowing commercial properties.  Click on the Loan Programs tab to learn about our rates and terms for each loan type.

 

Property Geographic Area Details

DC, MA, NJ, NY, OH, PA, RI

Loan Amounts

$200,000 to $10,000,000

Interest Rates

7.95% to 13.95%

Max Loan-To-Value

80%

Max Loan-To-Cost

90%

Origination Fees

1% to 3%

Loan Terms

6 months to 36 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Casino
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Community Center
  • Condominium
  • Cooperative
  • Equestrian
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Residential Land
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Timberland
  • Vehicle Parking
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Specialty Loan Types

  • Condo Conversion

Land Loan

Description

We only consider residential land loans if we are also providing the construction financing.

Land Types Considered

  • Residential Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

70%

Max LTC for Land Acquisition

70%

Purchase Loan

Max Loan-To-Purchase Price

90%

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
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

80.00%

Construction Loan

We only offer ground-up construction loans for residential investment properties.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

no

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

10

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

no

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

  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

500

Credit Check Description

Expert Residential: 610+, Standard Residential: 500+, Commercial Property Loans: Credit Score Not Required

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Always

Fees

Deposit Required

$2,500.00 to $2,500.00

Deposit credited to borrower at closing of the loan

Legal Fee

$1,500

Inspection Fee

$175 drawdown inspection fee, per drawdown

Credit Report Fee

$180 background & credit check

Background Check Fee

$180 background & credit check

Extension Fee

1% for a 6-month extension, and 3% per annum thereafter

Appraisal Fee

$510 fee for appraisal / budget feasibility review

Environmental Report Fee

$35

Fees which are mandatory for all new borrower clients

  • Deposit
  • Legal Fee
  • Appraisal Fee
  • Inspection Fee
  • Credit Report Fee
  • Background Check Fee
  • Extension Fee
  • Renewal Fee
  • Renovation or Construction Funds Draw Fee

Fees which are charged upfront prior to loan closing

  • Deposit

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Inspection Fee
  • Credit Report Fee
  • Background Check Fee
  • Renovation or Construction Funds Draw Fee

Expert Residential Property Investor

  • Loan Amount: $200,000 to $2,000,000
  • Interest Rates: 7.95% to 10.95%
  • Loan-to-Value: 65% to 80%
  • Loan-to-Cost: 70% to 90%
  • Minimum Credit Score: 610
  • Recourse: Yes, personal guarantee required
  • Closing Time: 2 to 3 weeks
  • Appraisal: Yes, third party appraisal required
  • Budget: Full Construction / Rehab Budget
  • Experience Requirements: 3+ Verifiable Projects

Standard Residential Property Investor

  • Loan Amount: $200,000 to $2,000,000
  • Interest Rates: 10.95% to 13.95%
  • Loan-to-Value: 50% to 75%
  • Loan-to-Cost: 65% to 80%
  • Minimum Credit Score: 500
  • Recourse: Yes, personal guarantee required
  • Closing Time: 1 to 2 weeks
  • Appraisal: Yes, desktop appraisal required
  • Budget: Full Construction / Rehab Budget
  • Experience Requirements: None

Commercial Property Investor

  • Loan Amount: $1,000,000 to $10,000,000
  • Interest Rates: 8.95% to 13.95%
  • Loan-to-Value: 50% to 75%
  • Loan-to-Cost: 65% to 80%
  • Minimum Credit Score: Not Required
  • Recourse: Corporate
  • Closing Time: 1 to 8 weeks
  • Appraisal: Yes, full third party appraisal required
  • Budget: Full Construction / Rehab Budget
  • Experience Requirements: None

All loans are subject to a background check.

RD Advisors is a real estate investment company established by Mikhail Gurevich, Sean Kelly-Rand (each, a “Principal,” and, together, the “Principals” or the “Senior Management Team”), together with Dominion Capital LLC and Dominion Capital Holdings LLC, in January 2017. The Principals have extensive combined real estate experience spanning the areas of underwriting, financial analysis, direct ownership, limited partnerships, renovations, development, institutional sales, institutional investment, institutional and alternative lending, property management, advisory services, and asset management. Mr. Gurevich launched Dominion Capital LLC (“DC” or “Dominion”), a single family office that is now a private fund advised by an exempt reporting adviser, in June 2011 and its adviser Dominion Capital Holdings LLC in 2013 (“DCH” and, together with DC, “Dominion Capital”). DC has had real estate as a core component of its investment strategy since inception. Mr. Kelly-Rand brings over a decade of real estate debt and equity investment experience from prominent investment banks and private equity firms, and as a real estate owner-operator.

Both Principals have significant experience directly owning, managing, and developing real estate investments, allowing them to underwrite debt investments from the perspective of an equity owner, and giving them the capability to directly manage any assets that may come into the Firm’s ownership during the course of business. In addition, the Senior Management Team brings years of institutional experience to an often opaque and inefficient segment of the market, giving the Firm a distinct advantage over its competitors.

As an affiliate of Dominion Capital, RD Advisors is able to leverage Dominion Capital’s existing infrastructure, which provides both front and back office services to the Firm. Established relationships with operators, brokers, financial institutions, attorneys, consultants, and other industry professionals have enabled RD Advisors to identify and take advantage of unique opportunities that are either off-market or under the radar of other investment firms.

Company Size (Number of Employees)

7

Year Established

2017

Office Locations

RD Advisors - New York Office
256 West 38th Street, 15th Floor, New York, New York 10018

RD Advisors - Boston Office
35 Batchelder Street, Boston, Massachusetts 02119

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Debt Fund We Manage
  • Individual Investors

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • One Investor One Loan

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Real Estate Investing
  • Residential Real Estate Investing
  • Real Estate Development

Percentage of Loans Secured by Commercial Property

18%

Percentage of Loans Secured by Residential Property

77%

Percentage of Residential Property Loans Which are Fix and Flip

80%

Percentage of Residential Property Loans Which are Buy and Hold

20%

Percentage of Loans Secured by Land

5%

Total Number of Loans Funded to Date

100

Total Loan Volume Funded to Date

$80,000,000

2017 Number of Loans Funded

10

2017 Loan Volume Funded

$15,000,000

2018 Number of Loans Funded

16

2018 Loan Volume Funded

$20,000,000

Sean Kelly-Rand

Managing Partner

MBA - Columbia University

Sean Kelly-Rand is Managing Partner of RD Advisors, and responsible for sourcing and analyzing investment opportunities, structuring transactions, as well as managing the Firm’s institutional relationships. Mr. Kelly-Rand started his career at Lehman Brothers, where he was responsible for the underwriting and syndication of over $3 billion worth of real estate debt and bridge equity positions. He subsequently opened and operated the London office for Madison International Realty. Mr. Kelly-Rand later served as Vice President at Bell Capital Partners, a debt structuring advisory firm; a Senior VP at Monday Capital Partners; and Director at Real Estate Capital Partners before founding RD Advisors. Mr. Kelly-Rand holds an MBA in Real Estate and Finance from Columbia Business School and an MA and BA in Economics from Boston University.

Stephen Moskowitz

Head of Business Development

MBA - New York University, JD - Emory University School of Law

Stephen Moskowitz is the Head of Business Development and Partnerships at Dominion Capital, and assists with capital formation and deal origination at RD Advisors. Prior to joining Dominion, Stephen was an investment team member and Head of Business Development at Invest Hospitality, a Vice President at Champlain Advisors, a member of the Capital Markets team in the Merchant Banking & Real Estate Investing Division at Morgan Stanley, a Vice President at Forbes Private Capital Group, and a corporate attorney for Schulte Roth & Zabel. Stephen received a BA and JD from Emory University, and an MBA in finance from the Leonard N. Stern School of Business at New York University.

Ritu Khanna

Head of Investor Relations

MBA - Columbia University

Ritu Khanna is a Vice President at RD Advisors and responsible for investor relations and marketing. Prior to joining RD Advisors, Ritu worked in investor relations, marketing, and operations roles at several asset managers, including a real estate private equity firm, a middle market lender, and a credit- focused hedge fund. She began her career at Goldman, Sachs & Co. within their prime brokerage group. Ms. Khanna holds an MBA from Columbia Business School and a BA from Barnard College.

Thierry Valat De Córdova

General Counsel and Chief Compliance Officer

JD, Harvard Law School

Thierry Valat De Córdova is the General Counsel and Chief Compliance Officer at RD Advisors LLC. Previously, Mr. Valat De Córdova worked as Executive Director at Natixis North America; as the Chief Compliance Officer of registered investment advisers; as Fixed Income Counsel at Wellington Management; and as an attorney at Bank of America, Weil, Gotshal & Manges, and Afridi & Angell. Mr. Valat De Córdova holds a JD from Harvard Law School and a BA in Mathematics from U.C. Berkeley.

Mikhail Gurevich

Managing Partner

MBA - Boston University

Mikhail Gurevich is Managing Partner of RD Advisors, and responsible for sourcing investment opportunities and managing both operations and investor relations for the Firm. He also serves as Managing Partner of Dominion Capital, an exempt reporting adviser he founded as a single family office in June 2011. Prior to launching Dominion Capital, Mr. Gurevich served as President and CTO of ZepInvest, Inc., a company he founded in June 2007. In May 2005, Mr. Gurevich founded ClickFacts, Inc., a security and analytics company focused on providing large scale online advertising solutions, where he served as Chief Information Officer until July 2007. Mr. Gurevich holds an MBA and a BS in Electrical Engineering from Boston University.

Before You Contact Us

Our Minimum Loan Amount Is

$200,000

What We Do

  • Funding for Real Estate Investors
  • Commercial & Residential Properties
  • LTC up to 90% for Rehab Projects
  • 10%+ Cash Required for Purchase

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Rural Areas
  • NO Raw Land Loans

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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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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