RRA Capital

Direct Bridge Lender for Commercial Real Estate

RRA strives to deliver customized debt products at institutional pricing for real estate sponsors across the United States. RRA is focused entirely on middle market commercial real estate. Our Core Bridge product goes up to 65-70% LTV, but we also offer a High LTV Bridge Program up to 80-85% for value add projects as well as Mezzanine and Preferred Equity financing.

All Loans are Non-Recourse

Lending in all 50 U.S. States (Primary, Secondary, Tertiary Markets)
Property Types: Commercial, Industrial, Multifamily, Retail, Hospitality, Special Purpose
No Vacant Land
No Ground-Up Construction
No Residential Properties

Property Geographic Area Details

Nationwide

Loan Amounts

$5,000,000 to $40,000,000

Interest Rates

4.75% to 8.5%

Loan Terms

12 months to 60 months

Origination Fees

0.5% to 2.0%

Lien Position

1st, 2nd

Collateral Types

Commercial Property

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Value Add Project

Property Occupancy

Vacant
Tenant Occupied 100%
Owner Occupied Commercial

Property Types

Assisted Living Facility
Bed and Breakfast
Car Wash
Cinema
Commercial Condominium
Condominium
Gas Station
Healthcare
Hospital
Hotel
Industrial
Mixed-Use
Mobile Home
Mobile Home Park
Motel
Multifamily
Office
Portfolio of Commercial Properties
RV Park
Retail
School
Senior Housing
Sports Facility
Storage Facility
Student Housing
Theater

Loan Types

Commercial Bridge
Commercial Property Value Add
Mezzanine
Preferred Equity

Specialty Loan Types

Condo Conversion
PACE - Property Assessed Clean Energy
Partner Buyout
Reverse 1031 Exchange

Junior Lien Loan Amounts

$500,000 to $5,000,000

Junior Lien Interest Rates

13.5% to 14%

Junior Lien Loan-to-Value

80%

Junior Lien Loan-to-Cost

85%

Junior Lien Origination Fees

1% to 2%

We Fund Junior Position Loans

Rarely

Junior Lien Types

Mezzanine
Preferred Equity

We provide Mezz and Pref Equity financing for CRE Acquisition, Recapitalization, TI/Cap Ex, Capital Cost Reduction, Stretch Leverage, GP Equity, LP Substitute, Partial Cash Out

Max Loan-to-Purchase Price

85%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

Own Cash
Partner
Equity in Subject Property
Family

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

85%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

Maximum After Repair Value

80.00%

Minimum Origination Fee Amount

$10,000

Fees which are mandatory for all new borrower clients

Deposit
Due Diligence Fee
Site Visit Fee
Underwriting Fee
Legal Fee
Appraisal Fee
Escrow Fee
Credit Report Fee
Environmental Report Fee

Fees which are paid to a third party company

Legal Fee
Appraisal Fee
Escrow Fee
Title Fee
Credit Report Fee
Background Check Fee
Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only

Pre Payment Penalty

Will lend to a foreign national

yes

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

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

Borrower Entity Types Considered

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

Documentation Required

Credit Report
Tax Returns
Bank Statements
Financial Statements

Personal Guaranty (Recourse) Required

Never

Credit Check Required

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Legal Disclaimer

©2019 RRA Capital, All rights reserved. Licensed under the Arizona Dept. of Financial Institutions, RRA Capital Lic # CBK-0922531; NMLS ID#: 972449. This is not an offer to lend. Information is inteded for mortgage professionals only and is subject to change without notice.

RRA Capital Testimonials

Principal Investments, Stream Realty Partners

"It is clear that RRA has an understanding of our business plan and can think like an owner, which is what we want from our lenders."

John Rogers

Vice President

CBRE

"RRA has closed two deals with me in the last 13 months and they are, without a doubt, the best small balance bridge program I’ve dealt with. They’re awesome when it’s crunch time."

C.J. Kelly

Vice President

CopperPoint Insurance

"100% of the investments sourced, underwritten and originated by RRA, on behalf of CopperPoint, have performed without default or deterioration."

Chad Welborn

Chief Investment Officer

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RRA Captial provides short term bridge loans and mezz/pref equity nationwide. We are a direct lender focused entirely on middle market commercial real estate to include office, industrial, retail, multifamily, and hospitality. With over $400M AUM, RRA Capital works with some of the most well-respected banks, institutions and borrowers in the world. We strive to deliver customized debt products at institutional pricing for real estate sponsors across the United States.

License

Arizona CBK-0922531, NMLS ID 972449

Company Size (Number of Employees)

Year Established

2009

Office Locations

5050 N. 40th Street, Suite 340, Phoenix, Arizona 85018

Primary Capital Source

Own Funds
Debt Fund We Manage
Life Insurance Companies

Loan Structure for Majority of Loans

Own Balance Sheet

Percentage of Loans Secured by Commercial Property

99%

Total Number of Loans Funded to Date

465000000

Total Loan Volume Funded to Date

$70

RRA Capital 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.

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