RBC RE Biz Unveils 'RBC Streamline'

RBC Capital Markets is entering the small-balance commercial mortgage loan market through its Dallas-based Real Estate Mortgage Capital unit.The program, which RBC is calling RBC Streamline, aims to provide funding of between $500,000 and $5 million for multifamily and commercial properties, RBC Capital Markets reported. "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," said Dan Smith, head of RBC's Real Estate Mortgage Capital business. RBC is building a team of people to focus on this niche. Cheryl Higley, director of the small-balance lending program, said RBC Streamline "will give small balance borrowers and mortgage brokers a faster process and easier access to decision-makers so they can quickly get the capital they need."