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:

image
$6,600,000
Purchase
Bridge
Office
3 Year Term
Greenwood, IN
image
$22,600,000
Refinance and Stabilization
Bridge
Mixed Use
4 Year Term
Charlotte, NC
image
$13,900,000
Rate/Term Refinance
Bridge
Retail
3 Year Term
Santa Monica, CA
image
$4,700,000
Purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
image
$6,200,000
Purchase
Fixed rate
Retail
2 Year Term
Sacramento, CA
image
$2,600,000
Rate/Term Refinance
Bridge
Retail
5 Year Term
Jacksonville, FL
image
$16,200,000
Purchase
Bridge
Various Property Types - Portfolio
3 Year Term
Los Angeles, CA
image
$7,500,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
image
$11,900,000
Purchase
Fixed rate
Student Housing
3 Year Term
Normal & Champaign, IL
image
$10,200,000
Purchase
Bridge
Multifamily
5 Year Term
West Valley City , UT
image
$20,100,000
Purchase
Fixed rate
Mixed Use
7 Year Term
Costa Mesa, CA
image
$7,950,000
Purchase
Bridge
Retail
3 Year Term
Miami, FL
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
image
$2,585,000
Purchase
Bridge
Multifamily
2 Year Term
Decatur, GA
$1,350,000
Purchase
Bridge
Multifamily
Year Term
Minneapolis, MN
image
$4,700,000
Purchase
Bridge
Multifamily
2 Year Term
Houston, TX
image
$13,400,000
Purchase
Bridge
Industrial
3 Year Term
Tampa, FL
image
$1,730,000
Purchase
Bridge
Multifamily
1 Year Term
Bridgeport, CT
image
$3,400,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
$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
$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

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
Jordan Goforth
, West Coast

Jordan leads the west coast office for Ready Capital, where he focuses on originating, structuring and executing bridge loan investment opportunities. Prior to joining Ready Capital, he was part of the real estate group at Doral Property Finance in New York, where he was responsible for sourcing and executing bridge and construction loans, note financing and revolving credit lines nationwide. Prior to Doral, Jordan was a member of the investment team at Loews Corporation in New York, where he was responsible for analyzing, underwriting and closing senior and subordinate debt and JV equity investments. Jordan began his career in California as an analyst at Belgravia Capital and as an associate with the Capital Markets group at Ten-X. Jordan earned his B.A. in Economics from California State University, Long Beach, and his J.D. from Chapman University’s Dale E. Fowler School of Law.

Specialties:
  • Bridge
  • Fixed rate
  • Multifamily
See most recent transactions & client testimonials:
image
$13,400,000
Purchase
Bridge
Industrial
3 Year Term
Tampa, FL
image
$6,600,000
Purchase
Bridge
Office
3 Year Term
Greenwood, IN
image
$22,600,000
Refinance and Stabilization
Bridge
Mixed Use
4 Year Term
Charlotte, NC
image
$13,900,000
Rate/Term Refinance
Bridge
Retail
3 Year Term
Santa Monica, CA
image
$4,700,000
Purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
image
$6,200,000
Purchase
Fixed rate
Retail
2 Year Term
Sacramento, CA
image
$2,600,000
Rate/Term Refinance
Bridge
Retail
5 Year Term
Jacksonville, FL
image
$16,200,000
Purchase
Bridge
Various Property Types - Portfolio
3 Year Term
Los Angeles, CA
image
$7,500,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
image
$11,900,000
Purchase
Fixed rate
Student Housing
3 Year Term
Normal & Champaign, IL
image
$10,200,000
Purchase
Bridge
Multifamily
5 Year Term
West Valley City , UT
image
$20,100,000
Purchase
Fixed rate
Mixed Use
7 Year Term
Costa Mesa, CA
image
$7,950,000
Purchase
Bridge
Retail
3 Year Term
Miami, FL
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
$9,150,000
Rate/Term Refinance
Fixed rate
Mixed Use
10 Year Term
Surprise, AZ
image
$31,500,000
Rate/Term Refinance
Fixed rate
Mixed Use
10 Year Term
Portfolio , Various States
image
$25,070,000
Purchase
Bridge
Mixed Use
3 Year Term
Denver, CO
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
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
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 ...
Newmark Announces Sale and Financing of 416-Unit Multifamily Asset in DFW Market - 03/05/2021
March 3, 2021 12:00 PM Newmark announces the sale and financing of Marbletree Apartments, a 416-unit, garden-style multifamily asset at 4057 North Belt Line Road in Irving, Texas. The property is currently 98% occupied. Newmark Senior Managing Director Jakob Andersen and Executive Managing Director  ...
Ready Capital National Bridge Team Closes Approximately $225 Million in 11 States in Final Quarte... - 01/14/2021
NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Originations Team announces the closing of acquisition, refinance, renovation and redevelopment loans for approximately $225 million in 11 states between September 2020 and December 2020. In October, Ready Capital closed the ...
< 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.

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.