Bridge Financing

OVERVIEW

Ready Capital provides short-term, non-recourse bridge and mezzanine loans nationwide on transitional, value-add and event-driven commercial and multifamily real estate. We lend up to $45 million (larger for select assets and portfolios) for middle-market and institutional commercial real estate sponsors, and larger on a case-by-case basis.

We provide floating and fixed rate terms 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 structured finance solutions backed by experienced bridge lending professionals.

Check out our most recent transactions and client testimonials:

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$18,280,000
Acquisition & Renovation
Bridge
Fractured Condominium
Year Term
Melbourne, FL
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$6,600,000
Purchase
Bridge
Office
3 Year Term
Greenwood, IN
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$22,600,000
Refinance and Stabilization
Bridge
Mixed Use
4 Year Term
Charlotte, NC
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$13,900,000
Rate/Term Refinance
Bridge
Retail
3 Year Term
Santa Monica, CA
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$4,700,000
Purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
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$6,200,000
Purchase
Fixed rate
Retail
2 Year Term
Sacramento, CA
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$2,600,000
Rate/Term Refinance
Bridge
Retail
5 Year Term
Jacksonville, FL
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$16,200,000
Purchase
Bridge
Various Property Types - Portfolio
3 Year Term
Los Angeles, CA
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$7,500,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
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$11,900,000
Purchase
Fixed rate
Student Housing
3 Year Term
Normal & Champaign, IL
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$10,200,000
Purchase
Bridge
Multifamily
5 Year Term
West Valley City , UT
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$20,100,000
Purchase
Fixed rate
Mixed Use
7 Year Term
Costa Mesa, CA
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$7,950,000
Purchase
Bridge
Retail
3 Year Term
Miami, FL
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$25,800,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio , TX
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$38,900,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio, TX
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$7,900,000
Purchase
Bridge
Retail
3 Year Term
Miami (Wynwood), FL
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$28,300,000
Purchase
Bridge
Multifamily
3 Year Term
Houston , TX
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$14,500,000
Purchase
Bridge
Multifamily
3 Year Term
Portland , OR
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$7,860,000
Purchase
Bridge
Multifamily
3 Year Term
Freeport, TX
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$5,590,000
Rate/Term Refinance
Bridge
Multifamily
2 Year Term
Houston, TX
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$4,930,000
Purchase
Bridge
Retail
3 Year Term
Miami, FL
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$11,960,000
Purchase
Bridge
Office
3 Year Term
Charlotte, NC
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$8,400,000
Purchase
Bridge
Retail
3 Year Term
Charlotte, NC
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$8,900,000
Purchase
Bridge
Multifamily
2 years Year Term
Tampa, FL
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$7,570,000
Purchase
Bridge
Industrial
3 Year Term
Charlotte, NC
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$33,325,000
Rate/Term Refinance
Bridge
Office
3 Year Term
Chicago, IL
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$8,240,000
Rate/Term Refinance
Bridge
Mixed Use
3 Year Term
Los Angeles , CA
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$12,760,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio , TX
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$16,360,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio , TX
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$25,070,000
Purchase
Bridge
Mixed Use
3 Year Term
Denver, CO
$5,000,000
purchase
Bridge
Retail
2 Year Term
Los Angeles, CA
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$5,500,000
purchase
Bridge
Multifamily
3 Year Term
New York, NY
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$7,848,475
Rate/Term Refinance
Bridge
Office
3 Year Term
Chicago, IL
$1,520,361
Rate/Term Refinance
Bridge
Multifamily
2 Year Term
Philadelphia, PA
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$2,765,000
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
San Antonio, TX
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$3,200,000
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Austin, TX
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$3,450,000
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Balcones Heights, TX
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$4,300,000
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Glendale, AZ
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$5,000,000
Acquisition & Stabilization
Bridge
Industrial
Year Term
Garfield, NJ
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$5,765,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Olathe, KS
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$6,000,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Shaker Heights, OH
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$6,070,000
Acquisition & Renovation
Bridge
Industrial
Year Term
Avon, MA
$6,320,000
Acquisition, Renovation, & Stabilization
Bridge
Industrial
Year Term
Philadelphia, PA
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$6,560,000
Acquisition, Renovation, & Stabilization
Bridge
Industrial
Year Term
Greenville, SC
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$7,060,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Jeffersontown, KY
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$7,060,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Jeffersontown, KY
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$7,060,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Jeffersontown, KY
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$8,060,000
Acquisition & Stabilization
Bridge
Industrial
Year Term
Miamisburg, OH
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$8,100,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Jacksonville, FL
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$8,180,000
Acquisition & Renovation
Bridge
Industrial
Year Term
Jacksonville, FL
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$8,360,000
Refinance & Stabilization
Bridge
Multifamily
Year Term
Los Angeles, CA
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$8,515,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Dallas, TX
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$8,900,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Culver City, CA
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$8,975,000
Acquisition & Renovation
Bridge
Multifamily
Year Term
Fairfield, OH
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$8,975,000
Acquisition & Renovation
Bridge
Multifamily
Year Term
Hamilton, OH
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$9,125,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Austin, TX
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$9,190,000
Refinance, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Brewster, MA
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$9,450,000
Recapitalization & Renovation
Bridge
Multifamily
Year Term
Dallas, TX
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$10,080,000
Acquisition & Renovation
Bridge
Industrial
Year Term
Fort Worth, TX
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$10,110,000
Acquisition & Stabilization
Bridge
Multifamily
Year Term
Tallahassee, FL
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$10,680,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Des Plaines, IL
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$11,150,000
Acquisition, Renovation, & Stabilization
Bridge
Multifamily
Year Term
Tucson, AZ
CRITERIA

PRODUCT OVERVIEW

  • Transitional, value-add and event-driven real estate opportunities
  • Highly structured loan solutions
  • Financing customized to borrower business plan
  • Loan size: up to 80% of project cost, 85% senior stretch deal specific
  • Term: floating rate up to five years including extensions
  • Prepayment: minimum interest
  • Future Funding: Capex, TI/LC, earnouts, interest and operating reserves
  • Fixed and fixed/floating hybrid loan solutions
CONTACT

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 bridgecre@readycapital.com.

National Bridge Originations Team:
National Loan Originations Team:
Strategic Partnership Team:
NEWS
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
Ready Capital Corporation Announces Securitization of $652.5 Million in Bridge Loans - 09/02/2021
CRE CLO Securitization is the Company's Sixth Since Ready Capital’s Inception   NEW YORK, September 2, 2021, Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced the closing of a $652.5 million commercial mortgage collateralized loan obligation ("CRE CLO") wit ...
Ready Capital Announces Acquisition of Red Stone - 08/03/2021
Leading Real Estate Finance Company Expands Footprint in Multifamily Affordable Housing Sector NEW YORK, August 2, 2021 -- Ready Capital Corporation (NYSE: RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances and services commercial loans, today ann ...
Ready Capital Announces Strong Q1 Results for Freddie Mac Business - 05/10/2021
Commercial Lender Builds on Outstanding 2020 Results Ready Capital announced strong results for its Freddie Mac Small Balance Loan (SBL) business during the first quarter, extending into 2021 the increased volume of deals seen by the company in 2020. During the first quarter of 2021, Ready Capital c ...
Ready Capital National Bridge Team Closes Approximately $655 Million in 11 States in First Quarte... - 04/08/2021
NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Originations Team announces the closing of acquisition, refinance, renovation and redevelopment loans for approximately $657 million in 11 states between January 2021 and March 2021. In January, Ready Capital closed the fin ...
Ready Capital Corporation Announces Securitization of $768 Million in Bridge Loans - 04/01/2021
 Ready Capital Corporation Announces Securitization of $768 Million in Bridge Loans CRE CLO Securitization is the Company’s Largest Since 2005 Inception   NEW YORK, April 1, 2021 -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") announced the closing of a $629 million c ...
San Francisco multi-housing lease up financed for $104M - 03/05/2021
SAN FRANCISCO, March 2, 2021 – JLL Capital Markets announced today that it arranged the $104 million refinance of City Gardens, a recently developed multi-housing property located in San Francisco, California. JLL worked on behalf of the borrower, Panoramic Interests, to secure the three-year, float ...
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FEATURED DEALS (Q3 2021)

Ready Capital National Bridge Lending Team highlights key real estate deals closed in the third quarter of 2021

 

Bridge Lending – Deal Highlights (Q3 2021) PDF File

CAREERS

Interested in working with one of the fastest growing commercial mortgage REIT’s in the industry?

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Find out what job positions are open in your area.

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