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    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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    $10,200,000
    Purchase
    Bridge
    Multifamily
    5 Year Term
    West Valley City , UT
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    $3,400,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Houston, TX
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    $6,100,000
    Purchase
    Fixed rate
    Multifamily
    3 Year Term
    Champaign, IL
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    $5,800,000
    Purchase
    Fixed rate
    Multifamily
    3 Year Term
    Normal, IL
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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
    $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.

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    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.

    PRODUCTION TEAM
    Michael Boggiano Vice President FL Mark Blaha Director IL Jeffery Bottoms Loan Officer TX Brian Callom Vice President TX Lisa Cappelletti Executive Director CA David Cohen Managing Director NY Joel Covington Director TX Jay Dogan Vice President WA Michel Gilbert Executive Director TX Jordan Goforth Executive Director CA Russell Grigg Vice President GA Alex Gursky Associate NY Oliver Harris Vice President TX David Kwitman Director NY Kevin Leonard Vice President NC Fernando Mendez Director NY Marcus Perry Director NY Eli Smith Vice President TX
    Back to News
    Ready Capital Corporation Appoints Gary Taylor as Chief Operating Officer
    07/27/2018

    NEW YORK, April 3, 2019 /PRNewswire/ — Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that Gary Taylor has been appointed Chief Operating Officer, effective April 2, 2019.

    “Gary brings to Ready Capital deep sector expertise across multiple asset classes including small balance commercial real estate lending during his extensive career. His impressive history and wide ranging relationships cultivated will serve him well in his role of COO. We are confident that Gary is the ideal candidate that can step into this leadership role to execute our strategies and build upon the team’s recent achievements,” stated Chief Executive Officer Thomas Capasse.

    Mr. Taylor served as President and Chief Operating Officer of Newtek Business Credit, since 2015.  Prior to that, Mr. Taylor was Managing Director at Brevet Capital Management, and before that he was Chief Operating Officer of CIT Small Business Lending.  Earlier in his career, Mr. Taylor held numerous roles within the financial services industry including Lehman Brothers, Moody’s Investor Service, AT&T Capital Corporation, Resolution Trust Corporation, First Chicago Bank & Trust, and Chase Manhattan Bank.

    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

    SOURCE Ready Capital Corporation

    Related Links

    https://readycapital.com

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    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.

    View Open Positions
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