RBC Capital Markets launches RBC Streamline to serve owners and brokers of small-to-mid-sized commercial real estate properties
RBC Capital Markets’ Real Estate Mortgage Capital business today announced the launch of RBC Streamline, an innovative program that provides fixed-rate financing for multi-family and other commercial real estate properties that require capital of $500,000 to $5 million.
“RBC Streamline represents an entirely new option for small loan borrowers and the mortgage brokers who serve them,” said Dan Smith, managing director and head of RBC Capital Markets’ Real Estate Mortgage Capital business. “This loan program combines the best of global capital markets and local bank service by giving small loan borrowers a wide range of flexible options, commercial real estate expertise, minimal costs, responsive service and speed - the same attributes that helped RBC originate over $2 billion in CMBS (commercial mortgage backed securities) loans in the U.S. during its first nine months of operation.”
RBC Capital Markets’ commitment to Streamline includes the building of a team of individuals with proven experience in small loan lending; customizing technology to allow for a paperless loan processing work-flow; and developing processes designed specifically to guide small loan borrowers through the loan experience.
“RBC Streamline will give small loan borrowers and mortgage brokers a faster process and easier access to decision-makers so they can quickly get the capital they need,” said Cheryl Higley, RBC Streamline’s director. “With the backing and support of RBC’s balance sheet - one of the strongest in North America - we are excited to become an innovator in the small balance lending arena.”
According to Smith, RBC Streamline demonstrates RBC Capital Markets’ commitment to serving mortgage bankers and borrowers across the full spectrum of the commercial real estate market.
“As a result of RBC Streamline, an entrepreneur who borrows $800,000 will receive the same responsive service, in-depth expertise, access to decision-makers, customized technology and efficient processing as a developer who borrows $80 million,” said Smith.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.