RFP provides capital for property acquisition, construction, renovation or for special situations when time is required to complete or reposition the asset for sale or refinance.  RFP targets real estate transactions ranging in 1 to 5 years in duration where conventional financing or equity may be unavailable due to credit, timing or other issues such as bankruptcy and foreclosure.  Real estate of all types will be considered as well as a variety of structured finance alternatives.
RFP specializes in financing real estate transactions ranging from $1 million to $15 million and other deal sizes on a selective basis.  RFP’s structured financing alternatives include senior secured bridge financing, participating mortgage loans, mezzanine financing, sale/leaseback, equity joint ventures and all types of bankruptcy financing.  Flexible alternatives combine many attractive features of debt, mezzanine and equity financing.
PROPERTY TYPES. RFP invests in all types of properties including retail, office, and industrial buildings, condominium/apartment complexes and residential subdivisions, as well as marinas, golf courses and other special-use properties.  RFP will consider transactions in all stages of development such as land acquisition, construction and bridge loans, among others.
Sponsorship Requirements.  RFP typically requires a cash contribution by the development sponsor of 5% - 10% of the total capitalized project cost.  Guarantees of industry standard carve-outs are required.  Local presence and strong track record in the market where the transaction is located is essential.

Participating/Mezzanine Structure.  RFP capital is returned on a priority basis with a typical preferred return of 9% - 12%.  Development sponsorship equity is then returned along with an equivalent preferred return.  Capital proceeds from sale (or appraised value in the event of a refinance), above the capital cost of the project, are then distributed according to the negotiated profit sharing arrangement.

Equity Joint Ventures.  RFP capital is returned pari pasu with sponsor capital until a typical preferred return of 9%-12% is achieved.  Promoted interests to the development sponsorship are negotiated based upon the risk profile of the transaction.