Search
Team member:

    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:

    $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
    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
    CRITERIA

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

    Print
    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%+
    Mark Blaha
    Chicago, IL

    Mark brings over 7 years of commercial real estate lending and finance experience in the Chicago and Midwest markets.  Mark leads the Chicago team for new loan production for all value-add bridge loans in the Midwest Markets.  Prior to joining Ready Capital, Mark served as assistant vice president, commercial banker at MB Financial Bank.  Mark earned his Bachelor of Science degree in Finance from The University of Illinois at Urbana-Champaign.

    Specialties:
    • Bridge
    Back
    See most recent transactions & client testimonials:
    image
    $14,480,000
    Rate/Term Refinance
    Bridge
    Mixed Use
    3 Year Term
    Seattle, WA
    image
    $7,848,475
    Rate/Term Refinance
    Bridge
    Office
    3 Year Term
    Chicago, IL
    image
    $8,800,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Largo, FL
    image
    $9,445,000
    purchase
    Fixed rate
    Multifamily
    5 Year Term
    Midvale, UT
    image
    $6,500,000
    purchase
    Bridge
    Industrial
    2 Year Term
    Hollywood, FL
    image
    $5,500,000
    purchase
    Bridge
    Multifamily
    3 Year Term
    New York, NY
    $4,115,959
    purchase
    Bridge
    Multifamily
    3 Year Term
    Phoenix, AZ
    $11,736,000
    purchase
    Bridge
    Industrial
    3 Year Term
    Portland, TN
    $5,815,000
    purchase
    Bridge
    Industrial
    2 Year Term
    Baldwin Park, CA
    $9,005,000
    purchase
    Bridge
    Hospitality
    3 Year Term
    Daytona Beach, FL
    $8,575,000
    Rate/Term Refinance
    Bridge
    Industrial
    3 Year Term
    Fair Lawn, NJ
    $2,403,700
    purchase
    Bridge
    Multifamily
    2 Year Term
    San Francisco, CA
    $4,805,000
    Rate/Term Refinance
    Bridge
    Self Storage
    3 Year Term
    Garfield, NJ
    $2,029,300
    purchase
    Bridge
    Multifamily
    2 Year Term
    San Francisco, CA
    $9,450,000
    Rate/Term Refinance
    Bridge
    Office
    3 Year Term
    Newport Beach, CA
    $16,725,000
    purchase
    Bridge
    Office
    3 Year Term
    Del Mar, CA
    $23,200,000
    purchase
    Bridge
    Office
    3 Year Term
    Toluca Lake, CA
    $9,405,000
    purchase
    Fixed rate
    Self Storage
    5 Year Term
    Missouri City, TX
    $9,900,000
    purchase
    Bridge
    Hospitality
    3 Year Term
    Englewood, CO
    $17,840,000
    Rate/Term Refinance
    Bridge
    Multifamily
    2 Year Term
    Philadelphia, PA
    $5,825,000
    purchase
    Bridge
    Industrial
    2 Year Term
    Belleville, MI
    $6,370,000
    purchase
    Bridge
    Retail
    3 Year Term
    Miami, FL
    $7,055,000
    purchase
    Bridge
    Multifamily
    3 Year Term
    Los Angeles, CA
    $6,846,000
    purchase
    Bridge
    Industrial
    4 Year Term
    Dallas, TX
    $7,842,000
    purchase
    Bridge
    Hospitality
    3 Year Term
    Orlando, FL
    $5,500,000
    Cash-Out Refinance
    Bridge
    Mixed Use
    2 Year Term
    Miami Beach, FL
    $7,510,000
    purchase
    Bridge
    Office
    3 Year Term
    Portland, OR
    NEWS
    • 2018
    • 2017
    • 2016
    Ready Capital Announces Merger with Owens Realty Mortgage - 11/08/2018
    READY CAPITAL ANNOUNCES MERGER WITH OWENS REALTY MORTGAGE   Approximately $200M of Additional Capital Raised to Support Targeted Growth in Small Balance Commercial Assets  Combined Company Will Enhance Shareholder Liquidity Transaction Expected to be Accretive to Earnings in 2019  Transaction Expect ...
    Sutherland Asset Management Corporation Announces Name Change To Ready Capital Corporation - 10/01/2018
    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 sha ...
    ReadyCap Commercial Surpasses $3 Billion Funded Milestone - 08/14/2018
    IRVING, TEXAS – August 14, 2018 – In July 2018, ReadyCap Commercial, LLC (ReadyCap), a leader in small to middle-market commercial real estate mortgage finance, announced it surpassed  $3 billion in funded  loans across its menu of products in just five years. Founded in 2012 and headquartered in Ir ...
    Ready Capital Structured Finance Closes Non-Recourse Loans for approximately $70 Million in Washi... - 07/31/2018
    NEW YORK – July 31, 2018 – Ready Capital Structured Finance, a nationwide commercial real estate bridge and mezzanine lender, announces the closing of non-recourse loans in Washington, Tennessee, North Carolina, Florida, New Jersey, Illinois, New York and California totaling approximately $70 millio ...
    Ready Capital Structured Finance Closes Non-Recourse Loans for approximately $60 Million in Calif... - 05/24/2018
    NEW YORK – May 24, 2018 – Ready Capital Structured Finance, a nationwide commercial real estate bridge and mezzanine lender, announces the closing of non-recourse loans in California, Colorado, Virginia, North Carolina and Texas totaling approximately $60 million. The Toluca Lake, California loan is ...
    Ready Capital Structured Finance Closes Non-Recourse Loans for over $45 Million in Pennsylvania,... - 04/30/2018
    NEW YORK – April 30, 2018 – Ready Capital Structured Finance, a nationwide commercial real estate bridge and mezzanine lender, announces the closing of non-recourse loans in Pennsylvania, Florida, California, Michigan and Texas totaling over $45 million. The Philadelphia, Pennsylvania loan is for th ...
    < older news
    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
    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.