Riverdale Funding offers private money purchase and commercial refinance commercial loans throughout the State of Missouri.
We are a direct hard money commercial lender that provides loans ranging from $250,000 to 5,000,000 (amounts exceeding $5,000,000 are considered on a case by case basis). We differentiate ourselves from most conventional lenders and other hard money lenders by not basing our decision to provide financing on a borrower's credit history or financials. As a true asset-based lender, we focus our attention on the value of the commercial real estate being offered as collateral. This process provides us with the ability and flexibility to provide commercial real estate financing when other commercial lender's can't.
Our flexible loan terms range from 1-3 years and are interest only. We offer our Missouri commercial loan borrowers a max LTV (Loan to Value) up to 65% and 50% max LTV for improved land. Riverdale Funding has a highly qualified team of Account Executives and Mortgage Loan Originators that are eager to help you get the commercial real estate financing you are seeking.
Riverdale Funding offers commercial mortgages on the following property types:
- Office buildings
- Retail/ strip centers
- SF/ 1-4 family properties (Non-owner occupied and titled to an LLC or corporation)
- Improved land
- Multi-family/ apartment complexes
- Other property types considered on a case by case basis
Commercial loan types:
The Missouri Commercial Real Estate Market
With its pro-business environment, low taxation system, and low property taxes, Missouri is an appealing commercial real estate market that has attracted significant investment over the past few years. With a population of over 2.8 million people, St. Louis is one of the largest metropolitan areas in the United States. The city’s economy has been growing substantially thanks to the increase of strategic industry sectors. Some examples are manufacturing, healthcare, transportation, and professional and business services. Currently, over 3.7 million square feet are under construction in the St. Louis market with close to 3.5 million square feet already completed in 2016. Most of the space currently under construction is development compiled of approximately 2.5 million square feet. Average asking lease rates are decreasing slightly from $4.28 per square foot in second quarter 2016 to a current rate of $4.08 per square foot.
At Riverdale Funding, our team of professionals are eager to assist you in obtaining your commercial real estate funding. We lend directly from our own portfolio and we are committed to the highest level of customer service, and being able to close your commercial loan request, quickly.
Call us now to determine if you qualify for one of Riverdale Funding’s commercial real estate financing programs.