Conventional
To arrange and structure a commercial real estate debt is a complicated procedure especially in the commercial lending area.
Our conforming products offer high LTV's and competitive rate, but require:
• Full documentation (personal and business taxes and financials)
• Large down payment usually 20 to 25%
• Strong credit and experience
• Seller carrying a 2nd T.D. are not allowed
• Most loan programs are fixed for 5,7,10 yrs and adjust or balloon after fixed period
• Most transactions take from 45 to 60 days to close
• Property requires DSCR over 1.25
• Up front fees for appraisal and legal work or to lock rate
Stated
This program is designed for speed so the paperwork is minimized and the closing process is expedited.
• No tax returns or financial statements
• Borrower in business for a minimum of 2 years
• Proof of timely commercial rent or mortgage payment for last 12 months
• Minimum average FICO scores of at least 660 for refinances
• Appraisal must support a 1:1 DSCR based on property net operating income
• Eligible commercial property types include multi-purpose and mixed-use
• Fixed and Variable Rate Options
• Fully Amortizing 30-Year Term
• No Call Provisions or Balloon Payments
• Ability to prepay up to 20% of principal within any rolling 12-month period without prepayment premium
Hard Money
Royal Commercial Capital represents a multitude of private investors who specialize in funding private money loans. In addition to our expertise in hard money loans, we also offer bridge loans, construction loans, and hard money development loans. Royal Commercial Capital provides hard money loans that are uniquely tailored to fit the specific needs of its clients.
We provide bridge loans for non-conforming, commercial real estate projects. We offer services in Minnesota, Wisconsin, California, Arizona, Florida and other states on a case-by-case basis.
With private funding, Royal Commercial Capital is able to offer rates and terms that are unavailable to other lenders or brokers. Best of all we have fast funding capacity means that you won't have to wait.
See if your loan scenario qualifies for funding with Royal Commercial Capital by calling 952-405-2688. RCC provides a number of Hard Money financing options for clients who need immediate funds, face credit problems, or are developing non-standard projects and are not able to access more traditional lines of credit.
2809 Cliff Rd E, Burnsville, MN 55337. Phone: (952) 746-9301 Fax: (952) 746-9307 E-Mail
4111 Central Ave NE, Columbia Heights, MN 55423. Phone: (763) 746-9480 E-Mail
1810 Crestview Drive, Hudson, WI 54016. Phone: (715) 386-6088 Fax: (715) 220-4200 E-Mail