For commercial borrowers who are looking to purchase a real estate property that was foreclosed on by a lender and has had its title reverted back to the lender, Riverdale funding provides express commercial loans tailored to each situation. Although Riverdale Funding does not provide commercial real estate financing to properties requiring extensive rehab, we do provide financing on commercial real estate properties based on the value of the REO asset and will review each commercial financing request on a case-by-case basis.

How It Works

We are committed to providing a fast and borrower-friendly commercial loan approvals process. Simply submit a completed loan application as well as interior and exterior photos of the property. Our team will respond quickly as soon as they’ve reviewed your application. To find out more about our Real Estate Owned (REO) Loan application requirements and get your application started today, Apply Now or call us at (888) 368-4983.


Types of Properties We Lend On

  • Single-Family Investment / Non-Owner Occupied (NOO)^
  • 2-4 Units
  • Multi-family (Apartment Building)
  • Office Building
  • Mixed-Use
  • Retail
  • Strip Center
  • Free Standing Commercial
  • Warehouse
  • Improved Land
  • Light Industrial **
  • Self-Storage **


^ Riverdale Funding cannot provide loans on 1-4 Family Investment properties in the following states: Oregon, Minnesota, Utah | ** These and other commercial property types not listed above will be considered on a case-by-case basis.


General Loan Terms

Riverdale Funding’s commercial loan terms appropriately serve most REO loan situations and include:

  • 1-3 Year (Interest-Only) Loan Terms
  • Rates from 8-10%
  • Up to 65% Loan-to-Value (LTV)
  • Loans of $250,000 up to $5,000,000 (Larger loans considered on a case-by-case basis)


For the full list of Riverdale Funding’s borrower-friendly REO refinance loan terms, visit our Commercial Loan Terms page.


Common / Popular Questions

Still have a lingering question about our REO Loans? Find the answers you’re looking for by checking out our list of frequently asked questions below:

  • What is a Real Estate Owned (REO) Loan?

REO financing is a loan provided for the purchase of a real estate property that was foreclosed on by a lender and had its title reverted back to the lender after the property had remained unsold via foreclosure sale and auction.

  • How do REO Loans help?

Real estate owned properties are sold “as-is,” but often carry the potential to be purchased below market value once improvements have been made. Banks are often eager to sell these properties, giving real estate investors with speedy access to funding an advantage when it comes time to make the purchase. Riverdale Funding’s fast loan approval process can provide REO financing as quickly as within a few days, giving investors the opportunity to take advantage of the full set of benefits of bank-owned properties.

  • Does Riverdale work with brokers?

Yes. Riverdale Funding is a “broker-friendly” company, and we value our broker-partner relationships. We know the importance of having a lender you can trust to get your loans closed quickly, and we have many experienced account executives and former brokers ready to help. However, borrowers who are searching for REO financing are also encouraged to apply with Riverdale Funding directly.

  • How long will I have to pay back the loan?

Riverdale Funding’s borrower-friendly REO loans carry interest-only terms of 1-3 years.

An extensive list of frequently asked questions regarding our Real Estate Owned (REO) Loans can be found on our FAQs page.


Ready to Get Your REO Loan?

You can start your Real Estate Owned Loan process today. Apply Now or call (888) 368-4983.