Red Tower Capital, Inc.

Direct Private Lender for Bay Area Real Estate Investors

Red Tower Capital is a direct private money lending company based in San Francisco. We focus on providing quality alternative real estate financing to residential and commercial property owners in Northern California. We have different underwriting standards than banks or other more conventional sources. This allows us to be flexible and offer you competitive rates and terms to get you the funds you need fast. We work with you to find a solution to your real estate needs.

Property Geographic Area Details

San Francisco Bay Area and Northern California are primary lending areas

Loan Amounts

$50,000 to $8,000,000

Interest Rates

7% to 12%

Loan Terms

3 months to 36 months

Origination Fees

1% to 4%

Lien Position

1st, 2nd, 3rd, 4th

Collateral Types

Residential Property
Commercial Property
Commercial Property Ground Lease

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Invest in a Business
Business Working Capital
Value Add Project
Development Project
Primary Residence Purchase
Personal Use

Property Occupancy

Vacant
Tenant Occupied 100%
Owner Occupied Commercial
Owner Occupied Residential

Maximum Leverage

Purchase Short-Term (no Value-Add):

Max LTP Residential: 75%

Max LTP Multifamily: 70%

Max LTP Commercial: 70%

Max LTP Land: 60%

Refinance Short-Term (no Cash Out)

Max LTV 1st Lien Residential: 75%

Max CLTV 2nd Lien Residential: 65%

Max LTV 1st Lien Multifamily: 70%

Max CLTV 2nd Lien Multifamily: 65%

Max LTV 1st Lien Commercial: 70%

Max CLTV 2nd Lien Commercial: 65%

Max LTV 1st Lien Land: 60%

Refinance & Cash Out Short-Term

Max LTV 1st Lien Residential: 75%

Max CLTV 2nd Lien Residential: 65%

Max LTV 1st Lien Multifamily: 70%

Max CLTV 2nd Lien Multifamily: 65%

Max LTV 1st Lien Commercial: 70%

Max CLTV 2nd Lien Commercial: 65%

Max LTV 1st Lien Land: 60%

Commercial Value-Add

Max LTP: 75%

Max LTC: 70%

Max LTARV: 70%

Residential Construction

Max LTP Land: 75%

Max LTC: 70%

Max LTCV: 70%

Multifamily Construction

Max LTP Land: 50%

Max LTC: 70%

Max LTCV: 70%

Commercial Construction

Max LTP Land: 50%

Max LTC: 70%

Max LTCV: 70%

Property Types

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

Specialty Loan Types

2nd Mortgage Equity Cash Out
3rd Mortgage Equity Cash Out
Cannabis Use Properties
Commercial Permanent Financing
Discounted Note Payoff
Line of Credit Single Property
Note Purchase
PACE - Property Assessed Clean Energy
Partner Buyout
Primary Residence Bridge
Primary Residence Business Purpose Cash Out
Residential Equity Share
Reverse 1031 Exchange

Junior Lien Loan Amounts

$50,000 to $3,000,000

Junior Lien Interest Rates

9% to 15%

Junior Lien Loan-to-Value

70%

Junior Lien Loan-to-Cost

70%

Junior Lien Origination Fees

1% to 6%

We Fund Junior Position Loans

Rarely

Junior Lien Types

Purchase
Refinance
Equity Cash Out
Mezzanine
Preferred Equity

Agribusiness Types

Cannabis

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

70%

Cannabis Property Use Type

Cultivation
Retail Dispensary
Retail Sales
Manufacturing
Processing
Production

Land Types Considered

Residential Land
Multifamily Land
Industrial Land
Office Land
Retail Land
Hospitality Land
Cannabis Use Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

Junior Lien Types

Purchase
Refinance
Equity Cash Out
Mezzanine
Preferred Equity

Max Loan-to-Purchase Price

75%

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
Equity in Primary Residence
Seller Financing
Crowdfunding
Family

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

75%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

Development Experience Required

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Fees which are mandatory for all new borrower clients

Underwriting Fee
Processing Fee
Documents Fee

Fees which are paid to a third party company

Appraisal Fee
Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized
Interest Reserve
No Monthly Payments Required

Pre Payment Penalty

Will lend to a foreign national

yes

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

Case by case JV investments. Typically, these involve a strong sponsor with a good track-record and solid project, but the sponsor just happens to be under-capitalized currently. Usually looking for San Francisco Bay Area project location and project that supports bank-priced senior debt.

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Trust
Corporation
Non-Profit Corporation
Self-Directed IRA

Documentation Required

Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Funded Deals

Oakland, CA

$2,800,000

Cannabis Grow Facility

Refinance

View Transaction

Red Tower Capital, Inc.

Woodland, CA

$2,350,000

Office

Commercial Ground-Up Construction

View Transaction

Red Tower Capital, Inc.

San Francisco, CA

$1,200,000

2-4 Units Residential

Refinance

View Transaction

Red Tower Capital, Inc. Testimonials

"Red Tower Capital solved my financing problem. They are great! Thank you!"

Lucy A.

Borrower

"Red Tower has done the easy loans for our clients. But when needed, they have also provided custom solutions to our borrower's needs. Thanks again!"

Russ M.

Mortgage Broker

"Red Tower Capital provided multiple loans to me over the years. They are easy to work with and very responsive. Thank you!"

Justin R.

Borrower

"We have placed a handful of loans successfully with the Red Tower team over the years. Thank you for funding our deals!"

Chris M.

Mortgage Broker

Get In Touch

Red Tower Capital, Inc. pays us to be listed, so there is no fee to connect with them directly. Share your loan request, send a simple email, call, or visit their website.

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Founded in 2011, Red Tower Capital, Inc. is an independent private real estate lending and investment firm, specializing in bridge loans, bespoke lending solutions, and alternative investments. Our team has over 60 years of collective real estate industry experience, including expertise in mortgages, development, property management, acquisitions, and sales. We are committed to providing reliable and efficient execution to our borrowers and exceptional performance, client service, and transparency to our investors.

License

CA DRE Lic. 01912381, NMLS ID 951838

Company Size (Number of Employees)

Year Established

2011

Associations

California Mortgage Association - Member

Office Locations

73 Sumner Street #203, San Francisco, California 94103

Primary Capital Source

Own Funds
Debt Fund We Manage
Individual Investors
Single Capital Partner

Alternative Capital Sources

Own Funds
Individual Investors
Family Offices

Loan Structure for Majority of Loans

Own Balance Sheet
One Investor One Loan
Multiple Investor Fractionalized Note

Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Total Number of Loans Funded to Date

409

Total Loan Volume Funded to Date

$202,000,000

Our Team

Solomon Gorlick

Founder & President

CA DRE - 01420631
NMLS - 251257

Get In Touch

Red Tower Capital, Inc. pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Contact COMPANY

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

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