RUSH CAPITAL

Financing, Asset Management and Investment Experts

Building an Exceptional Future, Together.

MEET OUR TEAM | THE RUSH Companies

From sourcing construction financing, to asset management, Rush Capital oversees real estate investments to maximize returns.

Rush Capital is able to secure the most competitive capital whether it be for construction debt and project equity for ground up development to acq/rehab, permanent financing, or bridge loans. Rush Capital is a mortgage banking platform positioned like few others given its also a borrower of many lenders and can leverage the client relationship to get more attractive terms for its clients.

Rush Capital also oversees the real estate investment portfolio for the Rush Companies and sources debt/equity, and provides third party asset management services for other owners/investors/developers.

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Development Projects Capitalized

Recent Closings

Garden Style Apartment

69% LTV 10-Year Fixed-Rate Loan

feb 17 2021 - Segwick - Street Bldg E Upd 1

Rush Capital closed an $18.2MM construction to perm loan for a 136 unit garden style apartment project in Port Orchard, WA with a regional lender. The 69% LTC loan was for 10 years at a fixed rate of 4% and three years of interest only and then 30 year amortization thereafter.

152nd & Canyon Medical Office

3.9% 10-Year Fixed-Rate Loan

15214 Canyon Rd Puyallup - 04

Rush Capital recently closed permanent financing on 152nd and Canyon Medical Office. The 20,000 SF medical office building is fully leased and occupied by medical tenants. Blake Carbonatto negotiated a 10 year fixed rate loan with limited prepayment penalty at 3.39% with a 50 bps fee and 30 year amortization with a regional lender.

Merrill Gardens at Wright Park

$33.25MM Construction Loan

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Rush Capital closed a partial recourse $33.25MM construction loan for Merrill Gardens at Wright Park, a 133 unit midrise assisted living project in the Stadium neighborhood of Tacoma, WA with a national senior housing lender. The 60% LTC loan was priced at 2.90% over one month libor with a 5 year term and 65 bps fee. Recourse burns down at completion and the rate reduces to libor plus 2.65%.

Park Plaza

75% LTV 10-Year Fixed-Rate Loan

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Rush Capital recently closed permanent financing on Park Plaza in Gig Harbor, WA. The 62,000 SF Class A office/medical office building is occupied by medical, dental and business tenants and offers spectacular views and ample parking. Danny Kruse and Blake Carbonatto negotiated a 10 year fixed rate loan with 75% LTV and 25 year amortization with a community bank.

The refinance allowed the developer, Rush Development, to return capital and improve cash flow to generate far better than expected cash on cash returns.

What Rush Capital Clients Say ...

Thank you for the great job of keeping us all informed about the status of the project.  Seems like Rush hit a home run on this project!

Investor

Thanks for the instantaneous response!!  Please take the rest of your Sunday off and return any future weekend emails from me during the week.  Seriously, thanks for working hard to build a great company and profitable investment.

Investor

We were driving through the neighborhood and had the chance to stop by for a tour. We are pleased to say that the apartments look great! They are apartments that we would consider living in, if we were in the market.

Investor

Preferred Lending Partners:

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first citizens
sound community bank
timberland bank
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