CMBS
Ready Capital’s CMBS lending program offers a fixed-rate mortgage execution strategy for commercial real estate investors seeking competitive pricing with loan structures tailored to the unique characteristics of their properties.
Ready Capital’s nationwide team of CMBS product specialists is committed to providing quick feedback on all loan submissions and focuses on obtaining upfront credit approvals to ensure speed and certainty of execution. Moreover, Ready Capital serves as the B piece investor and Directing Certificate Holder (DCH) for all of its CMBS originations, setting it apart from competing programs and allowing for a wide variety of creative credit solutions.

CMBS
R.V. Park/Self Storage
10 Year Term
Multiple locations, TX

CMBS
Industrial
10 Year Term
Los Angeles, CA

CMBS
Retail
10 Year Term
Metro Detroit, MI

CMBS
Industrial
10 Year Term
St. Louis, MO

CMBS
Multi-family
10 Year Term
Jacksonville, FL
PRODUCT OVERVIEW
- Loan size from $2MM up to $45MM (may consider larger sizes for select assets and portfolios)
- Acquisition, refinance, and recapitalization
- Terms 5, 7 and 10 years
- Up to 80% LTV
- Non-recourse with standard carve-outs
- Yield maintenance or defeasance
- Minimum Debt Service Coverage for Multifamily: 1.20x
- Minimum Debt Service Coverage for Commercial: 1.30x
- Minimum Debt Yield for Multifamily: 7%
- Minimum Debt Yield for Commercial: 9% to 12%
- Full term and partial interest-only considered on a case-by-case basis
- Amortization 25-30 years
- Origination fee at par
- Single purpose entity required
- TI/LC and Capital Expenditure reserves structured on a deal-by-deal basis
- Springing or in-place lockbox/cash management
Contact a Production Officer or a member of our production team for more information for your area or market. All of our Production Officers have the ability to lend nationwide. If you need further information, please contact cre@readycapital.com.
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
Connect with us and request a quote to see what product best fits your needs. A product representative will be in touch with you shortly.