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
What we do:
Lending Throughout Northern California
Rehab & Construction Loans
CRE & Resi Bridge Loans
Cannabis-Use Properties
What we don’t consider:
100% Financing
Rural Areas
Consumer Mortgages (except primary residence bridge)
Credit Check Required

no

Prepayment Penalty

no

Typical Closing Time (Days)

10

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

no

Minimum Number of Value-Add Projects Completed by Borrower

0

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

10

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

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

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
  • No Monthly Payments Required
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
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

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

Red Tower Capital, Inc. Testimonials

Lucy A.

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

Borrower

Russ M.

"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!"

Mortgage Broker

Justin R.

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

Borrower

Chris M.

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

Mortgage Broker

Contact Red Tower Capital, Inc.

Red Tower Capital, Inc. pays us to be listed, so there is no fee to connect with them directly.
(415) 377-1284 (415) 377-XXXX
Click to show phone number
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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)

6

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

Contact Red Tower Capital, Inc.

Red Tower Capital, Inc. pays us to be listed, so there is no fee to connect with them directly.
(415) 377-1284 (415) 377-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$50,000

What we do:
Lending Throughout Northern California
Rehab & Construction Loans
CRE & Resi Bridge Loans
Cannabis-Use Properties
What we don’t consider:
100% Financing
Rural Areas
Consumer Mortgages (except primary residence bridge)

Contact Red Tower Capital, Inc.

Red Tower Capital, Inc. pays us to be listed, so there is no fee to connect with them directly.
(415) 377-1284 (415) 377-XXXX
Click to show phone number
Send email Visit Website

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