Transitional Funding Partners, LLC agrees to back R&F Commercial with up to $25 million in equity
WASHINGTON, Dec. 31, 2012 /PRNewswire-USNewswire/ -- R&F Commercial Debt and Equity LLC announced a new equity partnership with Transitional Funding Partners, LLC, based in Minnetonka, MN, to provide up to $25 million in funding for real estate transactions in the form of equity, debt and mezzanine financing.
Co-founded by Steve Ross and Eric Fedewa in 2011, R&F Commercial Debt and Equity provides innovative lending solutions at a time when many small businesses are concerned about the impending 'fiscal cliff.' The new partnership with Transitional Funding Partners, LLC will allow the firm to take advantage of many more opportunities for financing with wide ranging investment returns.
Rob Albright, managing director for Transitional Funding Partners, said, "The economy is at a critical standpoint right now, but there are business deals that must move forward. We've very excited to partner with Steve Ross and Eric Fedewa because of the quality of investments that they bring to the table, and the very strong returns of those investments. R&F Commercial understands the real estate market and with offices in Washington, DC and northern Florida, we can tap into two dramatically different markets."Mr. Ross said, "We're very excited that Transitional Funding Partners has decided to partner with R&F Commercial. What businesses are looking for is certainty – and R&F Commercial provides this. We want to help businesses. With Transitional Funding Partners alongside us, we look forward to a very bright future with rewarding results for everyone involved." According to Bloomberg, deposits at U.S. banks exceeding loans by a record $2 trillion as lenders hold tighter standards due to the threat of a slowing economy. Uncertainty is freezing the economy. Responding to this crisis, Ross, a banker with over 25 years of experience, and Fedewa, an award-winning real estate developer for over 20 years, founded R&F Commercial Debt & Equity LLC. Said Mr. Fedewa: "We're proud to work with Transitional Funding Partners. We speak with individual and institutional investors on a weekly, if not daily, basis and feel that the people at Transitional Funding Partners are the real deal. They have the same desire to look for opportunities and fund transactions. The fact is, everyone needs a loan nowadays, and the banks are simply not giving them out -- double that with the threat of going over the fiscal cliff, and everyone is paralyzed. We provide capital, and with Transitional Funding Partners' help, we'll be helping many more people make their ideas a reality."