ReCap

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ReCap is a commercial mortgage lender with the strength of a global reinsurer – and the spirit of an entrepreneur.   

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ReCap is a wholly owned subsidiary of RGA Reinsurance Group of America, a leader in the global life reinsurance industry. Our portfolio of loans is diversified, with strong relative value and an emphasis on transactions between $5 million and $40 million. Since 2008, the RGA real estate platform has grown from a single employee managing third-party asset managers to:

  • More than 6associates
  • Managing over $7 billion in debt and equity investment
  • Originating more than $1 billion of new commercial mortgage loans annually


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A New View

It’s time to think differently about real estate. Larger loans – and loans in some major U.S. metropolitan areas – often attract significant competition, which lowers returns without necessarily limiting risk. 


A Different Approach

ReCap’s approach is different. We find high-quality lending opportunities in both primary and secondary markets where we can extract additional relative value at the same level of risk. Our associates access U.S. and Canadian markets not on the radar of large institutional investors.

Explore ReCap Products

The ReCap team has cultivated long-term lending relationships with borrowers, developers, and brokers in regional markets and submarkets. Learn more about our approach to commercial mortgage lending and real estate equity. 

Explore ReCap Services

Centralized services include underwriting, closing, legal support, ongoing servicing, special servicing, ongoing portfolio management, and asset management for commercial loans and equity real estate investments.

Meet the ReCap Team

ReCap's regional managers average more than a quarter century of experience. Most members of the commercial lending team have worked together since the late 1980s, first at General American Life Insurance Company and later at Conning & Company (Conning Asset Management).
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Who We Are

ReCap is a wholly owned subsidiary of Reinsurance Group of America, originating commercial mortgage loans and equity real estate through its eight regional U.S. offices and one in Canada. In 2011, RGA expanded its real estate platform and began in-sourcing mortgage loans and real estate capabilities.  To expand this commitment to the asset class, ReCap was formed as a stand-alone business in 2016. Our platform has grown substantially since 2011, reaching $7 billion.

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Curious? Get in Touch

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RGA ReCap Highlights

$7B

Debt and equity
under management

+$1B

Annual commercial mortgage
loan production

20 yrs

Combined average of
industry experience in the ReCap team

Our Program

$5M -
$40M

Loan size

3 - 25
years

Loan terms

Up to 30 yrs.

Amortization

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Where We Operate 

With a combined average of more than 20 years of experience in the industry, ReCap regional field offices are based in primary and secondary markets in the U.S. and Canada. We work to solve problems and provide borrowers with a customized financing solution that results in superior risk-adjusted returns for our clients. Explore our regional operations. 


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You Might Also Be Interested In ...

Policies and Governance

Honors

In 2022, RGA was ranked #1 for the 12th consecutive year on NMG Consulting’s Global All Respondents Business Capability Index (BCI), based on feedback from life and health insurance companies worldwide.

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Open New Doors  

Join a team with an entrepreneurial spirit and deep experience in the commercial mortgage loan and equity real estate markets. Help us open new doors and opportunities. 

Explore Careers at RGA

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Let's Connect

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Our Team is Here
to Help

We understand the core causes, and ultimate effects, of the most pressing challenges insurers face today, and we have built an accessible and wide-ranging network of partners to help you deliver solutions.