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:

image
$25,800,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio , TX
image
$38,900,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio, TX
image
$7,900,000
Purchase
Bridge
Retail
3 Year Term
Miami (Wynwood), FL
image
$28,300,000
Purchase
Bridge
Multifamily
3 Year Term
Houston , TX
image
$14,500,000
Purchase
Bridge
Multifamily
3 Year Term
Portland , OR
image
$7,860,000
Purchase
Bridge
Multifamily
3 Year Term
Freeport, TX
image
$5,590,000
Rate/Term Refinance
Bridge
Multifamily
2 Year Term
Houston, TX
image
$4,930,000
Purchase
Bridge
Retail
3 Year Term
Miami, FL
image
$11,960,000
Purchase
Bridge
Office
3 Year Term
Charlotte, NC
image
$8,400,000
Purchase
Bridge
Retail
3 Year Term
Charlotte, NC
image
$8,900,000
Purchase
Bridge
Multifamily
2 years Year Term
Tampa, FL
image
$7,570,000
Purchase
Bridge
Industrial
3 Year Term
Charlotte, NC
image
$33,325,000
Rate/Term Refinance
Bridge
Office
3 Year Term
Chicago, IL
image
$8,240,000
Rate/Term Refinance
Bridge
Mixed Use
3 Year Term
Los Angeles , CA
image
$12,760,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio , TX
image
$16,360,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio , TX
image
$25,070,000
Purchase
Bridge
Mixed Use
3 Year Term
Denver, CO
$5,000,000
purchase
Bridge
Retail
2 Year Term
Los Angeles, CA
image
$5,500,000
purchase
Bridge
Multifamily
3 Year Term
New York, NY
image
$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
$1,350,000
Purchase
Bridge
Multifamily
1 Year Term
Panama City, FL
image
$3,100,000
Cash-Out Refinance
Bridge
Retail
2 Year Term
Baltimore, MD
image
$2,765,000
Purchase
Bridge
Industrial
2 Year Term
San Antonio, TX
image
$2,150,000
Purchase
Bridge
Multifamily
2 Year Term
Athens, GA
image
$2,677,000
Purchase
Bridge
Multifamily
2 Year Term
Fort Lauderdale, FL
image
$7,936,500
Rate/Term Refinance
Bridge
Multifamily
2 Year Term
Various, TX
image
$8,800,000
Purchase
Bridge
Multifamily
3 Year Term
Largo, FL
image
$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
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%+
RC 4Q18 Earnings Call Announcement
07/27/2018

READY CAPITAL CORPORATION ANNOUNCES FOURTH QUARTER 2018 EARNINGS RELEASE AND CONFERENCE CALL

New York, New York, March 5, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its fourth quarter 2018 financial results after the New York Stock Exchange closes Tuesday, March 12, 2019.

Webcast and Earnings Conference Call

Management will host a webcast and conference call on Wednesday, March 13, 2019 at 8:30 am ET to provide a general business update and discuss the financial results for the quarter ended December 31, 2018.  The conference call can be accessed by dialing 877-407-0792 (domestic) or 201-689-8263 (international).

Webcast

The conference call will also be available in the Investor Relations section of the Company’s website at www.readycapital.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available on the Company’s website approximately two hours after the live call through March 27, 2019.  To access the replay, dial 844-512-2921 (domestic) or 412-317-6671 (international). The replay pin number is 13687449.

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 400 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations
Ready Capital Corporation
212-257-4666

InvestorRelations@readycapital.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.

SUBMIT A REQUEST

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.