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And the past year was no different, according to The Real Deal’s ranking of the city’s top commercial real estate lenders. While traditional banks, and mostly domestic ones, dominated non.
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RCN Capital is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.
Some lenders will go so far as to evaluate the borrower’s business model, as well as the commercial building that will serve as collateral. Don’t go into a commercial real estate lender’s office with the same expectations as you would when you’re applying for an advance secured against your primary residence. It’s a different ball game.
The numbers encompass direct loans, credit lines, CMBS loans and other forms of direct investment in the commercial real estate industry. The figures were collected via an online survey pushed out.
As they continue to wrest a growing share of the commercial real estate lending business away from big banks. “We’re competing with all the top wall street firms, but we’re getting really solid.
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ALSO READ: Over 50 per cent builders exit top real estate markets due to. to be a party in the resolution process for a.
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