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Red Oak Capital Holdings Expands Range of Lending Products
Red Oak Capital Holdings, a national commercial real estate finance company based in Grand Rapids, MI, has expanded its range of lending products. The private commercial debt fund sponsor now offers four distinct loan programs that would benefit commercial property owners, developers and investors.
The new offerings include the Participating Bridge Loan Program, the Opportunistic Bridge Loan Program, the Core Bridge Loan Program and the Core-Plus Bridge Loan Program.
- The Participating Bridge Loan Program includes an equity component from Red Oak in exchange for a percentage of the value creation realized in the project at sale or refinance.
- The Opportunistic Bridge Loan Program also includes a small equity component, but in the form of a higher LTC in exchange for exit fees and at a higher interest rate.
- Red Oak’s Core Bridge Loan and Core-Plus Bridge Loan Programs provide fixed-rate financing for institutional-quality commercial real estate assets that are in transition.
“As the Federal Reserve continues to raise interest rates to curb inflation, traditional commercial real estate lenders have also reigned in their lending activity,” said CEO Gary Bechtel. “At the same time, property owners, investors and operators are looking at ways they can sustain their businesses until the market returns to normal.
“As a provider of discretionary capital to the commercial real estate industry, it only makes sense to roll out these new financing programs now,” he continued.
- ◦Financing
