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Hallock Ryno Investments
Website: http://www.hallockryno.com/
Status
Hallock Ryno Investments is currently in businesss and funding loans.
Types of Financing Provided
Hard Money (Residential & Commercial)
Wholesale Program Highlights
Types of Loans:
- Building Lots with Entitlements
- Single Family Residences used for business
Rates and Terms:
- Terms: Up to three years, five years for consumer loans
- Interest Rates: Generally 10 - 14 % annually
- Amortization or Interest only
- Points: Generally 4 - 7 points
-Raw land or non-income producing up to 40%
-Buildable lots with entitlements 50%
-Commercial income producing property 70%
- Prepayment Penalty: 1% first six months, none thereafter
About the Company
HRI was founded by Gary M. Ryno and John G. Hallock in June 2005, as a Washington State Corporation HRI is engaged in the business of direct hard money lending, specializing in real estate backed loans throughout the United States. Loan funding is provided by working capital and a warehouse line of credit with a bank. HRI sells loans mostly to accredited investors, who are residents of Washington
Hallock Ryno Investments, Inc. ("HRI") originates and acquires existing commercial and residential real estate loans secured by mortgages, deeds of trust, real estate contracts and judgment liens.
- HRI offers hard money loans
- HRI offers investments secured by real estate in the form of mortgage backed securities
- HRI is a private commercial real estate lender dedicated to providing fast service and solid underwriting
- HRI serves brokers, borrowers and investors from its Seattle, Washington office location
HRI customers include:
- Borrowers who possess excellent credit and marketable collateral with acceptable net cash flows but need funds in a more timely fashion than is possible with a conventional lender (e.g. a bank, savings and loan, insurance company or pension fund)
- Borrowers who have acceptable credit histories and marketable collateral, but lack acceptable debt service capacity to meet conventional lending requirements; HRI can fund the project allowing the client to bring the income stream up to an acceptable level for conventional financing
- Borrowers who possess non-qualifying credit histories but whose collateral is sufficient to provide safety to the lender.
- Borrowers with acceptable credit histories wishing to utilize as collateral real property assets that are unique or single purpose structures (e.g. churches, retirement centers, and specialty manufacturing facilities which carry a higher resale risk if foreclosed upon or do not produce an acceptable cash flow)
- Borrowers possessing non-qualifying credit histories who have collateral sufficient to provide safety to the lender
- Investors Seeking Real Estate Secured Investments. HRI offers qualified Washington State residents opportunities to purchase mortgage backed securities, as referenced in the Company's General Offering Circular and the Specific Offering Circular
HRI Cornerstones:
- HRI provides brokers with an indication of interest within 24 hours
- HRI consults with brokers to provide the best solution for their loan request
- The principals at HRI have strong financial backgrounds
- Minimum loan and acquisition amounts are $100,000 in Washington and $500,000 in all other areas of the United States
- HRI can fund in a little as seven days if appropriate documents such as title reports and appraisals are submitted on a timely basis
- HRI loan decisions are made internally no external authority is required to close loans
- HRI can participate in large loans with other lenders
- HRI can assist borrowers who qualify for conventional bank financing
(2007). Hallock Ryno Investments. Received December 20, 2007, from http://www.hallockryno.com/aboutus/index.html
Licensed States
Contact Information
Corporate Office:
1511 Third Avenue, Suite 807
Seattle, WA 98101
Telephone: 800-447-0788
Fax: 206-447-0227
Account Executives
John Hallock (Hard Money)
E-mail:
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Telephone: 206-447-0222
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