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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

$2,000,000 to $15,000,000

Interest Rates

4.75% to 8.5%

Max Loan-To-Value

80.00%

Max Loan-To-Cost

85.00%

Origination Fees

0.5% to 2.0%

Loan Terms

12 months to 60 months

Lien Position

  • 1st
  • 2nd

Loan Purpose

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

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Commercial Property

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
  • Reverse 1031 Exchange
  • Partner Buyout
  • PACE - Property Assessed Clean Energy

Junior Liens

Junior Lien Loan Amounts

$500,000.00 to $5,000,000.00

Junior Lien Interest Rates

13.5% to 14%

Junior Lien Loan-to-Value

80.00%

Junior Lien Loan-to-Cost

85.00%

Junior Lien Origination Fees

0.50% to 2.00%

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

Purchase Loan

Max Loan-To-Purchase Price

85.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject 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

85.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

10

Maximum After Repair Value

80.00%

Details and Requirements

Typical Closing Time (Days)

30

Fastest Closing Time (Days)

10

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

  • 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

no

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Deposit Required

$20,000.00 to $45,000.00

Site Visit Fee

$0 to $0

Underwriting Fee

$10,000.00 to $12,000.00

Legal Fee

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 charged upfront prior to loan closing

  • Deposit
  • Due Diligence Fee
  • Site Visit Fee
  • Underwriting Fee
  • Legal Fee
  • Settlement Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee
  • Background Check 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

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 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)

18

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 company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

100%

Total Number of Loans Funded to Date

465000000

Total Loan Volume Funded to Date

$70

2017 Number of Loans Funded

9

2017 Loan Volume Funded

$70,000,000

2018 Number of Loans Funded

15

2018 Loan Volume Funded

$86,500,000

Ty Vilhauer

Originations Associate

Marcus Goodwin

SVP of Originations

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

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

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

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Requested loan amount divided by the purchase price + rehab/construction costs

%

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

$
%
$
$
%

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

$
$
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Requested loan amount divided by the purchase price + rehab/construction costs

%

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

$
%
$
$

how will the loan be paid off?

acres

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acres

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