Frequently Asked Questions

Frequently Asked Questions

Is Red River West a direct lender?

RRW acts as both a direct lender and as an intermediary depending upon what is best for the client. We are committed to finding the best alternative in the marketplace given your current financial needs. In almost all cases, RRW will have some amount of its own capital invested in your project.

Are Red River West’s rates and terms competitive?

Red River West provides its clients with rates commensurate with the level of risk in the transaction. Given the level of risk, we pride ourselves on being extremely competitive.

Does Red River West service its own loans?

In most cases RRW services its own loans. RRW reserves the right to sell a particular loan or subcontract the loan servicing to an RRW approved institution.

What kind of fees will I have to pay to complete a financing?

Generally, you will pay fees as part of the transaction. The fees may be payable to RRW or to a third party financing institution. In most cases, the fees are due at closing of the financing out of proceeds. RRW may roll the fees into the financing and may waive fees depending upon the nature of the financing. RRW charges no up-front fees. Call us to discuss the level and nature of fees based on your situation.

How long will it take to put a financing in place?

The amount of time to complete a financing depends wholly on your current financial situation and the type of financing which best meets your goals. RRW has completed the financing process in as little as two weeks and in as long as twelve weeks. The typical financing can be completed in approximately eight weeks.

What if I do not like the financing alternatives presented to me?

You are not required to accept any financing put forward by RRW. And if you do not accept a financing, we are owed no fee. Before beginning the process, we endeavor to determine the type and costs of a financing that are acceptable to you. We are very straightforward about what is and is not possible. Thus, you will know ahead of time what we think is possible, and we will know what you should find acceptable.

What are the steps involved in obtaining financing from Red River West?

The first step is our detailed review of your financial situation. Next, we may elect to prepare a Financial Options Report, based on your financial information and proposed transaction. Based on this review, RRW will either propose a financing approach along with a working arrangement, or we will tell you we cannot be helpful, given your current financial situation.