Riverdale Funding, LLC is a direct provider of hard money commercial loans to commercial real estate investors, commercial mortgage brokers, and business owners in the State of Louisiana. We specialize in providing financing to commercial borrowers who have time-sensitive situations, like a commercial real estate purchase, and providing cash out refinance, to those borrowers who do not qualify for a commercial loan from a conventional lender.
We Are a Privately Funded, Asset-Based Commercial Loan Lender
Our application process is short and simple, and our decision to lend is primarily based on the value of the commercial real estate offered as collateral. At Riverdale Funding, we accept all credit scores (even bad credit or no credit) and we do not require borrowers to provide financial statements.
We are the private commercial mortgage lender that you can count on for all your commercial real estate financing needs in Louisiana. Call us today to speak with one of our knowledgeable account executives to discuss your commercial loan scenario. You can also check us out online for more information and submit your loan application directly on our website.
We offer the following types of commercial real estate loans in Louisiana:
The following loan terms apply in Louisiana:
- Loan amounts starting at $250K up to $5M+ or more
- 1-3 year terms/ interest-only
- Up to 65% LTV
- Up to 50% LTV for improved land
- Interest rates starting at 9%*
The Louisiana Commercial Real Estate Market
From the historic French Quarter to Bourbon Street and all through the swanky Garden District, it’s undeniable that New Orleans takes pride in preserving their famous architecture and well-maintained 19th-century Southern mansions. Culture and tradition are rich throughout all of New Orleans’ neighborhoods. No matter your location, you’ll find plenty to do and see. The New Orleans downtown area is home to the CBD or Central Business District. Here you can find many of the best hotels, restaurants, bars, entertainment, and nightlife in this southern states.
Adjacent to the CBD is the Warehouse District. Combined, these two areas offer local flavor yet the feeling of home. The Warehouse District offers a variety of real estate investment options, from renovated historic homes to condominiums and commercial buildings. Although, due to the neighborhood’s unique characteristics, competition is high for both residential and commercial real estate.
Commercial real estate investors looking to purchase real estate in New Orleans seek to own a piece of the city’s sweet southern history. Most investors see NOLA as a hub for diversity and opportunity. New Orleans is a fast-growing city for young companies and entrepreneurs. Currently, there are over 18 new projects in construction including condos, hotels, luxury lofts, and retail and office buildings. Multiple businesses are moving and expanding to this old-time Southern city that’s full of life. Hurricane Katrina flooded 80% of the city eight years ago, but since then, New Orleans has become one of the fastest growing commercial real estate markets in the country. According to Bloomberg, commercial real estate transactions in the Big Easy totaled $424.7 million in 2015 alone.
Choose Us for Your Unconventional, Quick, & Reliable Commercial Mortgage Needs
Conventional commercial financing just cannot meet the needs of many time-sensitive real estate transactions. To ensure a successful and quick closing, choose Riverdale Funding as your private lender to assist with all your commercial real estate financing needs in Louisiana.
We recently closed a $1M refinance loan in New Orleans. This closed commercial loan was for a single family investment home in the elegant Garden District of New Orleans. The property had been in the borrower’s family for decades and was currently serving as a weekend entertaining venue for clients and business partners. The borrower used the funds to revitalize a sector of his successful oil business. The loan term was for 1 year/ interest-only at 42% LTV.
Call now to determine if you qualify for one of our commercial hard money loan programs. We serve all of Louisiana and the surround Southern states.
* Rates and Terms subject to change without notice and subject to availability in certain states. Contact an Account Executive at Riverdale Funding for a fast commercial loan request evaluation.