RBC Capital Markets launches RBC Streamline to serve
owners and brokers of small-to-mid-sized commercial real estate
properties
Offers the best of global capital markets and local bank
NEW YORK, July 9, 2007 — 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.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is active globally in debt origination, sales
and trading, foreign exchange, infrastructure finance, structured
products, metals and mining and energy. Its North American
equity underwriting, sales, trading and research business
leads the Canadian market and supports a significant and growing
franchise in the U.S. middle market. Bloomberg ranks the firm
as one of the Top 20 investment banks globally.
RBC Capital Markets' Real Estate Mortgage Capital business
focuses on sourcing and securitizing (through RBC Capital
Markets Corp.) commercial real estate loans on a variety of
income-producing properties across the United States with
offices located in New York, Chicago, Phoenix, Newport Beach,
CA, and Dallas (headquarters).
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For further information, please contact:
Carole Shifman, for RBC Capital Markets, 847.433.4210, cshifman@speedsite.com
Kathryn Mitchell, RBC Capital Markets, 972.581.2814, Kathryn.Mitchell@rbccm.com
For Product Information:
Cheryl Higley, RBC Capital Markets, cheryl.higley@rbccm.com.
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