With 50 years of real estate acquisition and development experience, Rok Lending is one of the leading private lenders in Miami, Florida. The family-funded firm has curated a flawless reputation in the region, offering underwriting, self-funding and in-house legal counsel for its clients. As a private lender, Rok is not limited to conventional time restraints and offers unique and flexible solutions to fit a borrower’s needs. The firm offers loans for the acquisition, development and management of assets starting at $2 million. In 2021 Rok reported that it has financed $100 million in real estate loans in the past year.
High-Level Lending Parameters
Loan Amounts: $2-100 million
Loan-to-Value: Up to 70% of stabilized value
Lending Terms: 6 to 24 months + extensions
Interest Rate: 7.99% to 9.99% + lender fees
Markets: Greater Miami, East Coast and Southern U.S.
Asset Classes: All major asset types such as multifamily, industrial, hotel, retail, condo and single-family. Does not provide ground-up construction loans.
- Multifamily: In 2020 Rok Lending financed the renovation of an 80-unit multifamily development project in Atlanta, GA. The $3.72 million loan closed in just 10 days.
- Industrial: With a $6.05 million rehabilitation loan, Rok Lending financed the acquisition of a light industrial warehouse in Medley, FL in 2020. The agreement took 15 days to close.
- Hotel: Rok Lending funded the acquisition and renovation of a Las Vegas hotel for a foreign borrower in 2019. The $6 million loan closed in 20 days.