Results that work.
Nationwide.

No two deals are exactly alike, so we approach each transaction with a fresh perspective. With the insights gained from closing over 500 transactions1 nationwide and a committed capital base, we can quickly deploy creative financing solutions.

We strive for seamless execution and emphasize a hands-on and personal relationship with our clients.

Illustration of modern office building

Loan Programs

We originate pre-development, construction and bridge loans across property types across the United States.

  • First Mortgage Bridge Loans

    • Loan Size $4 Million to $75 Million
    • Interest Rate 30-Day LIBOR plus 6.00%+
    • Property Types Predevelopment Land, Condominium Inventory, Ground-up Construction, Multi-family, Retail, Office, Hospitality, Light Industrial & Warehouse, Self-Storage, Special Purpose & Mixed Use
  • Subordinate Debt and Preferred Equity

    • Loan Size $2 Million to $30 Million
    • Interest Rate 30-Day LIBOR plus 11.00%+, fixed-rate available
    • Property Types Predevelopment Land, Condominium Inventory, Ground-up Construction, Multi-family, Retail, Office, Hospitality, Light Industrial & Warehouse, Self-Storage, Special Purpose & Mixed Use

First Mortgage Bridge Loans

Eligble Asset Types

  • Predevelopment Land
  • Condominium Inventory
  • Ground-Up Construction
  • Multi-family
  • Retail
  • Office
  • Hospitality
  • Light Industrial & Warehouse
  • Self-Storage
  • Special Purpose & Mixed Use

Transaction Types

  • Cost Overruns
  • Significant Renovations
  • Opportunistic Recapitalizations
  • Lease-Up or Upcoming Rollover
  • Opportunistic Acquisition Financing
  • “Quick Close” Special Situations
  • REO and NPL Acquisitions
  • Recapitalizations & LP Buyouts
  • 1031 Exchange Deadlines
  • Minimal Yield Maintenance
  • Time to Close 15 to 45 days from Application
  • Loan Size $4 Million to $75 Million
  • LTV On a case-by-case basis, typically up to 65%
  • Interest Rate 30-Day LIBOR plus 6.00%+
  • Lien Position First Mortgage
  • Loan Term 6 to 36 Months initial term
  • Extensions On a case-by-case basis
  • Amortization Typically, interest-only
  • Debt Yield Non-cash flowing assets acceptable if supported by a Debt Service Reserve and Carry Guarantee
  • Yield Maintenance Typically 50% of the Loan Term
  • Recourse Typically Non-recourse, with standard carve-outs
  • TI/LC Facility Future funding of up to 100% of tenant improvements and leasing commissions
  • CapX or PIP Holdbacks for renovations with timely review and disbursements
  • App Deposits Expense deposit to cover third-party reports, legal fees and other customary deal costs.
  • Origination & Exit Fees Origination: starting at 1.0%
    Exit: determined on a case-by-case basis

Subordinate Debt and Preferred Equity

Eligble Asset Types

  • Predevelopment Land
  • Condominium Inventory
  • Ground-up Construction
  • Multi-family
  • Retail
  • Office
  • Hospitality
  • Light Industrial & Warehouse
  • Self-Storage
  • Special Purpose & Mixed Use

Transaction Types

  • Cost Overruns
  • Significant Renovations
  • Opportunistic Recapitalizations
  • Lease-Up or Upcoming Rollover
  • Opportunistic Acquisition Financing
  • “Quick Close” Special Situations
  • REO and NPL Acquisitions
  • Recapitalizations & LP Buyouts
  • 1031 Exchange Deadlines
  • Minimal Yield Maintenance
  • Time to Close 15 to 45 days from Application
  • Loan Size $2 Million to $30 Million
  • LTV On a case-by-case basis, typically up to 75%
  • Interest Rate 30-Day LIBOR plus 11.00%+, fixed-rate available
  • Lien Position Pledge of borrower’s equity interest and UCC Lien or Priority Position in the ownership entity
  • Loan Term Up to 60 Months
  • Extensions On a case-by-case basis
  • Amortization Typically, interest-only
  • Debt Yield Non-cash flowing assets acceptable if supported by a Debt Service or Preferred Return Reserve and Carry Guarantee
  • Yield Maintenance Typically 50% of the Loan or preferred equity term
  • Recourse Typically Non-recourse, with standard carve-outs
  • TI/LC Facility Future funding of up to 100% of tenant improvements and leasing commissions
  • CapX or PIP Holdbacks for renovations with timely review and disbursements
  • App Deposits Expense deposit to cover third-party reports, legal fees and other customary deal costs.
  • Origination & Exit Fees Origination: starting at 1.0%
    Exit: determined on a case-by-case basis

The terms above are indicative and subject to change pending the specific circumstances of a transaction or market conditions.

Since 2008, RMWC has developed and honed an institutional infrastructure for originating, underwriting and asset managing differentiated credit and event-driven opportunities.

Illustration of modern condo building

1 Refers to transactions closed by RMWC’s current team, together and in their prior work.