October 13, 2026 · Education · Sayasone Phongvichith

Where we lend: 37 states plus DC, and the exceptions

RED lends in 37 states and the District of Columbia. Here is the full list, plus the places where leverage is reduced or lending is closed.

A grid of state abbreviations in red for the 37 states and DC where RED lends, with Florida and Louisiana in pink for reduced leverage, and a note that four Florida counties and Baltimore City are closed.

Before you spend time on a deal, check where it is. Here is the full picture.

Where we lend

We lend in 37 states and the District of Columbia: AL, AR, CO, CT, DC, DE, FL, GA, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, OH, OK, PA, RI, SC, TN, TX, VA, WV, WI and WY.

The exceptions

Reduced leverage in Florida and Louisiana. If your deal is there, plan for lower leverage than a program's headline figures.
Closed. Four Florida counties (Lee, Charlotte, Sarasota and Collier) and Baltimore City.

Program-specific limits

Multifamily 5+ is available in ten states only: CT, IL, MA, NC, NH, NJ, NY, PA, RI and SC. Ground-Up Construction is for infill lots only, with no large tracts and no rural or remote sites.

If your deal is close to a line

Send the property address with your scenario and the desk will confirm where it stands. If it falls outside our footprint, we will say so plainly, with the reason.

Program figures are indicative only and subject to complete documentation, underwriting, appraisal and final credit approval. This post is general information, not financial or legal advice.