What types of loans does RE Capital offer?

RE Capital offers various types of loans including Rehabilitation Loans, Condominium Conversions, Bridge Loans, and Ground Up Construction Loans.

What is the typical loan term offered by RE Capital?

The typical loan term offered by RE Capital ranges from 6 to 12 months, with extension options available.

What types of properties does RE Capital finance?

RE Capital finances a range of property types including single-family homes, multifamily dwellings, commercial spaces, condominiums, and new construction projects.

What are the down payment requirements for loans with RE Capital?

Down payment requirements for loans with RE Capital typically range from 10% to 25% of the acquisition price.

Are there pre-payment penalties for loans with RE Capital?

Sometimes. It depends on the type of loan, loan size and other factors.

What is the average interest rate offered by RE Capital?

The average interest rate offered by RE Capital ranges from 10% to 13%.

How long does it take to close a loan with RE Capital on average?

On average, loans with RE Capital close between 7 and 21 days from the application submission.

Can RE Capital assist with unique financing needs or special projects?

Yes, RE Capital can assist with unique financing needs or special projects, leveraging its expertise and flexible lending programs.

How does RE Capital ensure responsible lending practices?

RE Capital ensures responsible lending practices by maintaining Loan-to-Value (LTV) not exceeding 75% and Loan-to-Cost (LTC) not exceeding 85%.

What is the process for applying for a loan with RE Capital?

The process for applying for a loan with RE Capital involves submitting an application, providing necessary documentation, and undergoing underwriting evaluation.

How does RE Capital evaluate loan applications?

RE Capital evaluates loan applications based on factors such as property type, borrower's financial standing, and project feasibility.

What documentation is required for a loan application with RE Capital?

Documentation required for a loan application with RE Capital typically includes financial statements, property appraisal, and project plans.

What sets RE Capital apart from other lenders in the industry?

RE Capital distinguishes itself from other lenders by offering competitive rates, flexible terms, and a streamlined lending process.

Does RE Capital offer personalized financing solutions tailored to individual borrower needs?

Yes, RE Capital offers personalized financing solutions tailored to individual borrower needs, leveraging its expertise and commitment to client success.