Loan Programs > Commercial Real Estate > Multifamily Bridge
See why Ready Capital continues to be a bridge lending leader and learn what we can do for your multifamily portfolio.
Ready Capital provides terms up to five years for multifamily, office, retail, industrial, mixed-use, self-storage, student housing, hospitality, residential and commercial condo, and specialty use properties.
We consider the full range of value-add strategies and deliver bridge financing solutions backed by experienced lending professionals.
Bridge Financing for Multifamily Properties
As a leader in nationwide, non-recourse, multifamily bridge lending, Ready Capital brings clients certainty of execution through a collaboration of production and credit experts for a streamlined, up-front credit process. Post-closing, we strive to exceed our clients’ expectations through our in-house, client-centric portfolio management team.
|Bridge Program||Asset Types||Leverage|
||Multifamily, SFR, Fractured Condo, Manufactured Housing, Student Housing, and Co-Living||Up to 80% LTC/LTV|
|Non-Cash Flowing||Multifamily, SFR, Student Housing, and Hotel-to-Multifamily Conversion||Up to 75% LTC/LTV|
|Loan Purpose||Acquisition, refinance, and recapitalization|
$5 million - $75 million
Larger loan amounts considered
|Loan Term||Up to five years; including extensions where applicable|
Fixed and Hybrid (part Floating/part Fixed) available
|Fees||1.00% origination fee; 0.25%+ exit fee; 0.25%+ extension fee (custom fees available)|
|In-Place DSCR / Debt Yield||
1.0x DSCR and 5% debt yield required for partial cash flowing assets
No minimum DSCR or debt yield required for non-cash flowing assets
|Amortization||Interest only during initial term|
Capital expenditures, interest and carry reserves, and additional reserves as needed
Funded according to sponsor’s business plan
Non-recourse with standard carve-outs
Further guarantees may be required
|Prepayment||Minimum interest; no lockout|
View recent deals to learn how we're helping borrowers get the Multifamily Bridge financing they need.
Nationwide Multifamily Bridge Lending at its Best
Proven leaders with in-depth industry knowledge, we are an experienced team focused on consistently delivering for our brokers and sponsors.