Riverdale Funding is the dependable loan source of commercial hard money for brokers and commercial real estate borrowers throughout the “Sooner State” of Oklahoma. Whether you are purchasing an office building in Tulsa, an apartment complex in Oklahoma City, or refinancing a strip center in Norman; you can call on Riverdale Funding to get you financed when other lender's won't.
Riverdale Funding is a direct commercial mortgage lender that offers asset-based loans for real estate nationwide, which means that loan amounts are determined by the value of the asset (or real estate) not the borrower’s financials or credit. Investors, mortgage brokers, and borrowers turn to asset-based lenders for many reasons:
Quick turn-around times
Less paperwork and hassle
No income verification
No financials required
All credit accepted
We offer the following commercial real estate loan terms in Oklahoma:
- Loan amounts starting at $250K-$5M+ or higher
- Up to 65% LTV
- Up to 50% LTV on improved land
- 1-3 year terms/ interest-only
- No financials
- All credit accepted
- Competitive interest rates
We lend on the following types of commercial property in Oklahoma:
- Multi-family or apartment complexes
- 1-4 family/ SF NOO (Single Family Non-Owner Occupied) investment property
- Office space
- Mixed and special use
- Other properties considered on a case-by-case basis***
Submit your loan application online or give us a call to discuss your loan scenario with a Riverdale Funding account executive.
The Oklahoma Commercial Real Estate Market
Thanks to a diverse industry base, Oklahoma is a solid location for investors looking to establish/expand their business or purchase real estate investment property. Oklahoma earned its nickname “Sooner State” in the early 1890’s, due to the eager settlers who claimed unsettled land before anyone else under the Homestead Act. At the time, settlers who moved onto unsettled land first were known as “Sooners”. Portions of this state also have the nickname “Tornado Alley” because they typically endure seasonal strong storms.
While the weather is sometimes volatile, the commercial real estate market is steady. Oklahoma City, Oklahoma’s capital, offers great investment opportunities. Oklahoma’s market offers the following great qualities:
- High rents/ lower purchase prices
- High demand for rental units/ low vacancies
- Positive cash flow
- High GDI (gross domestic income) compared to home prices
- Low unemployment
- Undervalued markets
- 2nd best place to start a business (Business Journal)
- 17th fastest growing economy in the country (Forbes)
Investors, if you are currently exploring the Oklahoma commercial real estate market for investment purposes, call Riverdale Funding NOW to discuss the commercial financing programs available to make your transaction quick and easy. We offer purchase loans and refinance/cash-out loans throughout the state of Oklahoma.
For more information about our commercial loan programs or to view our recently closed and funded transactions, visit our website.