What Is Real Estate Owned Financing (REO)?

 

REO financing is a loan provided for the purchase of a real estate property that was foreclosed on by a lender and had its title reverted back to the lender after the property had remained unsold via foreclosure sale and auction. 

REO properties are sold “as-is”.  Although Riverdale Funding does not provide commercial real estate financing to properties requiring extensive rehab, we do provide financing on commercial real estate properties based on the value of the REO asset and will review each commercial financing request on a case-by-case basis. 

For those investors who are looking for interim financing to fund the purchase of a commercial REO property, contact Riverdale Funding today to inquire about our REO financing program.