News
Site News
Christopher LaBianca and Dean Ravosa join RCG Longview
Former Bank of America Securities Executives to Assume Senior Management Positions
Enhanced "CI Mezz-Mod Rehab" Product Announced
RCG Longview and Fannie Mae Announce the Availability of an Enhanced “CI Mezz-Mod Rehab” Product offering Competitive Financing
Fannie Taps RCG to Write Mezz “DUS” Loans
Fannie Mae has chosen RCG Longview as the lender for a new program that will write mezzanine loans on middle-market apartments.
RCG to Fund Mezzanine Loans
Fannie Mae recently introduced the DUS Plus program, which allows lenders to provide mezzanine loans, increasing the DUS loan's total leverage to 85%.
Fannie Mae Unveils New Products
Fannie Mae announced three new products, including one, called DUS-Plus, that incorporates mezzanine debt into a DUS loan. Fannie Mae is under contract with third-party mezzanine lender, RCG Longview, to acquire the mezzanine portion of loans made under the DUS-Plus program.
RCG Longview Partners with FannieMae
RCG Longview a New York City based real estate opportunity fund announces that it has been selected by FannieMae to be the exclusive provider of mezzanine financing for Fannie’s new ‘DUS +’ product.
Mezz, Preferred Equity Players Hit Market
Demand for mezzanine and preferred equity financing should increase now that interest rates have begun to rise and senior loan proceeds begin to shrink. RCG Longview is poised to meet this demand, having just closed its third fund, with $292M available in commercial real estate.
RCG Longview Launches Third Fund
RCG Longview has launched RCG Longview Fund II. This fund targets preferred equity transactions and high-yield debt opportunities. The company has raised $292 million in commitments for this fund.
Growing Disconnect Between Risk and Reward in Opportunity Funds
Due to low interest rates and the availability of capital, for the first half of 2004, RCG Longview has noted a disproportionate amount of deals in Ground-up residential development, condo conversion, un-entitled land aquisition and 90% plus leverage transactions.
$292M raised for RCG Longview Fund
RCG Longview has closed fund-raising for its largest fund to date, RCG Longview II, LP. The fund has been active in practically every U.S. real estate market. Products include short-term bridge loans, mezzanine loans and special situations.
RCG Longview Closes $292M Fund
New York City based RCG Longview closes fundraising efforts on its third fund, RCG Longview II LP, which totals out at $292 million. Capital in the fund will be used for a variety of transactions such as bridge, mezzanine and construction loans.
RCG Longview Announces Closing of Third Fund
RCG Longview a New York City based Real Estate Opportunity fund announces the closing of the third fund in its series with a total of $292 million in equity raised. The capital in the new fund will be used to invest in a wide array of real estate transactions including, bridge loans, mezzanine loans, construction loans and preferred equity investments, throughout the United States.
RCG Longview Raises $292M for Investment Fund
RCG Longview capitalized its fund from a group of institutional and high net-worth investors including MacArthur Foundation and North Fork Capital. RCG Longview provides a wide range of high-yielding debt – mezzanine loans, bridge loans and construction financing – as well as preferred equity.
Loan Fund Exceeds Equity Goal
RCG Longview II, the latest high-yield-debt fund of RCG Longview, exceeded its initial $200M goal. The vehicle will write mezzanine and bridge loans, first mortgages and preferred-equity investments.
Loan Fund Targets $200 Mil. of Equity
RCG Longview seek to raise $200 million of equity for a fund called the RCG Longview II that will invest in high-yield debt. The vehicle will write mezzanine, bridge, and preferred equity investments.
Key Intercreditor Issues in the Mezzanine Loan
Intercreditor agreements outline the remedies and rights of the senior lender and mezzanine lender in the event of a default by the borrower, as well as their rights during ownership and operation of the property during the term of the loan.
Corus, RCG Longview Finance Intell's $102M Buy of Enron Building
Intell Management and Investment Co. completed a $102 million purchase of Enron Center South in downtown Houston with a $68 million mortgage from Corus Bank, a Chicago lender, and a $20 million mezzanine loan from RCG Longview of New York.
Bridge Loans In Real Estate Transactions - Are They Really Too Expensive?
Bridge loans' short exposure period allow lenders to abbreviate their due diligence and close quickly, usually with a high interest rate. However, mezzanine funds, such as RCG Longview, and dedicated bridge lenders, access their own lines of credit and/or other capital sources and are able to charge a lower interest rate.
Analyze This - Preferred Equity in Real Estate Transactions
Preferred Equity, offered by RCG Longview, is a transaction that gives property owners access to "trapped" equity in cases where a securitized 1st mortgage does not allow secondary financing.
Advantage of ‘Smart’ Money in Mezzanine Lending
The advantage of 'Smart' money in special situation & Mezzanine lending allows savvy real estate investors to have access to capital that allows for additional leverage beyond the 1st Mortgage.
