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 $35 million 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 & client testimonials:

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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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$2,585,000
Purchase
Bridge
Multifamily
2 Year Term
Decatur, GA
$1,350,000
Purchase
Bridge
Multifamily
Year Term
Minneapolis, MN
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$4,700,000
Purchase
Bridge
Multifamily
2 Year Term
Houston, TX
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$13,400,000
Purchase
Bridge
Industrial
3 Year Term
Tampa, FL
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$1,730,000
Purchase
Bridge
Multifamily
1 Year Term
Bridgeport, CT
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$3,400,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
$1,350,000
Purchase
Bridge
Multifamily
1 Year Term
Panama City, FL
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$3,100,000
Cash-Out Refinance
Bridge
Retail
2 Year Term
Baltimore, MD
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$2,765,000
Purchase
Bridge
Industrial
2 Year Term
San Antonio, TX
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$2,150,000
Purchase
Bridge
Multifamily
2 Year Term
Athens, GA
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$2,677,000
Purchase
Bridge
Multifamily
2 Year Term
Fort Lauderdale, FL
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$7,936,500
Rate/Term Refinance
Bridge
Multifamily
2 Year Term
Various, TX
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$8,800,000
Purchase
Bridge
Multifamily
3 Year Term
Largo, FL
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$28,800,000
Rate/Term Finance
Bridge
Mixed Use
3 Year Term
New York, NY
$2,720,000
purchase
Bridge
Multifamily
1 Year Term
Golden, CO
$12,140,000
Cash-Out Refinance
Bridge
Mixed Use
2 Year Term
Bronx, NY
$8,930,000
Rate/Term Refinance
Bridge
Retail
3 Year Term
Livonia, MI
$8,000,000
purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
$4,818,750
purchase
Bridge
Office
3 Year Term
Tustin, CA
$4,700,000
purchase
Bridge
Office
3 Year Term
Houston, TX
$2,435,500
purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
$6,150,000
purchase
Bridge
Multifamily
3 Year Term
Charlotte, NC
$10,420,000
purchase
Bridge
Office
3 Year Term
Atlanta, GA
$11,500,000
purchase
Bridge
Office
2 Year Term
Miami, FL
$2,888,500
purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
$4,058,900
purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
$6,000,000
purchase
Bridge
Mixed Use
2 Year Term
New York, NY
CRITERIA

Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.

Bridge Financing
Property Types Core: multifamily, office, retail, industrial, mixed-use
Non-core: self storage, student housing, hospitality, residential and commercial condo, and specialty use
Rates Call for current rates
Loan Size $2mm-$35mm
Loan Purpose Transitional, value-add and event driven
Terms Up to 5 years
Leverage Up to 80%
Structured solutions including higher leverage, mezzanine debt on case-by-case basis
Recourse Non-recourse except for bad-boy carveouts; further guarantees may be required on a case-by-case basis
Prepayment Freely pre-payable. Minimum interest may apply
Debt Service Coverage None. Partial or non-cash flowing
Amortization Interest Only: amortization structured on a case-by-case basis
Origination 1.00% origination fee / 0.50%+ exit fee / extension fees of 0.25%+
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:
Sutherland Asset Management Corporation Announces Name Change To Ready Capital Corporation
Sutherland Asset Management Corporation
07/27/2018

NEW YORK, Sept. 24, 2018 /PRNewswire/ — Sutherland Asset Management Corporation (NYSE: SLD) announced that, effective 12:01 a.m. Eastern Time on September 26, 2018, it will change its name to “Ready Capital Corporation”.

“The Ready Capital brand represents part of our larger strategy to improve shareholder value,” said Tom Capasse, Chief Executive Officer. “We believe, with this rebrand, we have simplified our story, and now can prominently feature our lending products and services for our clients.”

“The rebranding initiative further signifies our commitment to the sector,” said Carole Mortensen, Chief Operating Officer. “Our goal is to position the Ready Capital brand as a proven leader in mortgage finance with the reputation of possessing a flexible credit philosophy, yet strong investment discipline. Simply stated, this is who we are.”

In connection with the name change, effective on October 1, 2018, the Company’s trading symbols on the New York Stock Exchange will change from “SLD” to “RC” for shares of the Company’s common stock, and from “SLDA” to “RCA” for the Company’s 7.00% convertible senior notes due 2023, and from “SLDD” to “RCP” for the Company’s 6.50% senior notes due 2021. Following the name change, the new CUSIP number for the Company’s common stock will be 75574U101, the new CUSIP number for the Company’s 7.00% convertible senior notes due 2023 will be 75574U200, and the new CUSIP number for the Company’s 6.50% senior notes due 2021 will be 75574U309.

About Sutherland Asset Management Corporation

Sutherland Asset Management Corporation (NYSE: SLD) is a REIT that originates, acquires, finances, services and manages primarily small balance commercial (“SBC”) loans, U.S. Small Business Administration loans under its Section 7(a) program, and residential mortgage loans. The Company originates SBC loans through its ReadyCap Lending subsidiaries and originates residential mortgage loans through its GMFS subsidiary. The Company is externally managed and advised by Waterfall Asset Management, LLC.

Contact
Investor Relations
Sutherland Asset Management
212-257-4666
SutherlandIR@waterfallam.com

CAREERS

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

Ready Capital is always looking to add experienced and driven professionals to expand and grow with our company. We are continually searching for experienced professionals within the industry by offering a work environment thriving on collaboration and a corporate culture of employees who are passionate and excited about what they do.

Find out what job positions are open in your area.

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