Bridge Financing
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:
Bridge
Fractured Condominium
Year Term
Melbourne, FL
$18,280,000
Melbourne, FL
Features
Acquisition & Renovation, Bridge, Fractured Condominium, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Office
3 Year Term
Greenwood, IN
$6,600,000
Greenwood, IN
Features
Purchase, Bridge, Office, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Mixed Use
4 Year Term
Charlotte, NC
$22,600,000
Charlotte, NC
Features
Refinance and Stabilization, Bridge, Mixed Use, 4 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Retail
3 Year Term
Santa Monica, CA
$13,900,000
Santa Monica, CA
Features
Rate/Term Refinance, Bridge, Retail, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
Los Angeles, CA
$4,700,000
Los Angeles, CA
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Fixed rate
Retail
2 Year Term
Sacramento, CA
$6,200,000
Sacramento, CA
Features
Purchase, Fixed rate, Retail, 2 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Retail
5 Year Term
Jacksonville, FL
$2,600,000
Jacksonville, FL
Features
Rate/Term Refinance, Bridge, Retail, 5 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Various Property Types - Portfolio
3 Year Term
Los Angeles, CA
$16,200,000
Los Angeles, CA
Features
Purchase, Bridge, Various Property Types - Portfolio, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
Houston, TX
$7,500,000
Houston, TX
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Fixed rate
Student Housing
3 Year Term
Normal & Champaign, IL
$11,900,000
Normal & Champaign, IL
Features
Purchase, Fixed rate, Student Housing, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
5 Year Term
West Valley City , UT
$10,200,000
West Valley City , UT
Features
Purchase, Bridge, Multifamily, 5 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Fixed rate
Mixed Use
7 Year Term
Costa Mesa, CA
$20,100,000
Costa Mesa, CA
Features
Purchase, Fixed rate, Mixed Use, 7 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Retail
3 Year Term
Miami, FL
$7,950,000
Miami, FL
Features
Purchase, Bridge, Retail, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
San Antonio , TX
$25,800,000
San Antonio , TX
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
San Antonio, TX
$38,900,000
San Antonio, TX
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Retail
3 Year Term
Miami (Wynwood), FL
$7,900,000
Miami (Wynwood), FL
Features
Purchase, Bridge, Retail, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
Houston , TX
$28,300,000
Houston , TX
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
Portland , OR
$14,500,000
Portland , OR
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
Freeport, TX
$7,860,000
Freeport, TX
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
2 Year Term
Houston, TX
$5,590,000
Houston, TX
Features
Rate/Term Refinance, Bridge, Multifamily, 2 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Retail
3 Year Term
Miami, FL
$4,930,000
Miami, FL
Features
Purchase, Bridge, Retail, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Office
3 Year Term
Charlotte, NC
$11,960,000
Charlotte, NC
Features
Purchase, Bridge, Office, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Retail
3 Year Term
Charlotte, NC
$8,400,000
Charlotte, NC
Features
Purchase, Bridge, Retail, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
2 years Year Term
Tampa, FL
$8,900,000
Tampa, FL
Features
Purchase, Bridge, Multifamily, 2 years Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
3 Year Term
Charlotte, NC
$7,570,000
Charlotte, NC
Features
Purchase, Bridge, Industrial, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Office
3 Year Term
Chicago, IL
$33,325,000
Chicago, IL
Features
Rate/Term Refinance, Bridge, Office, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Mixed Use
3 Year Term
Los Angeles , CA
$8,240,000
Los Angeles , CA
Features
Rate/Term Refinance, Bridge, Mixed Use, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
San Antonio , TX
$12,760,000
San Antonio , TX
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
San Antonio , TX
$16,360,000
San Antonio , TX
Features
Purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Mixed Use
3 Year Term
Denver, CO
$25,070,000
Denver, CO
Features
Purchase, Bridge, Mixed Use, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Retail
2 Year Term
Los Angeles, CA
$5,000,000
Los Angeles, CA
Features
purchase, Bridge, Retail, 2 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
3 Year Term
New York, NY
$5,500,000
New York, NY
Features
purchase, Bridge, Multifamily, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Office
3 Year Term
Chicago, IL
$7,848,475
Chicago, IL
Features
Rate/Term Refinance, Bridge, Office, 3 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
2 Year Term
Philadelphia, PA
$1,520,361
Philadelphia, PA
Features
Rate/Term Refinance, Bridge, Multifamily, 2 Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
San Antonio, TX
$2,765,000
San Antonio, TX
Features
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Austin, TX
$3,200,000
Austin, TX
Features
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Balcones Heights, TX
$3,450,000
Balcones Heights, TX
Features
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Glendale, AZ
$4,300,000
Glendale, AZ
Features
Bridge-to-Freddie - Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
Year Term
Garfield, NJ
$5,000,000
Garfield, NJ
Features
Acquisition & Stabilization, Bridge, Industrial, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Olathe, KS
$5,765,000
Olathe, KS
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Shaker Heights, OH
$6,000,000
Shaker Heights, OH
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
Year Term
Avon, MA
$6,070,000
Avon, MA
Features
Acquisition & Renovation, Bridge, Industrial, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
Year Term
Philadelphia, PA
$6,320,000
Philadelphia, PA
Features
Acquisition, Renovation, & Stabilization, Bridge, Industrial, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
Year Term
Greenville, SC
$6,560,000
Greenville, SC
Features
Acquisition, Renovation, & Stabilization, Bridge, Industrial, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Jeffersontown, KY
$7,060,000
Jeffersontown, KY
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Jeffersontown, KY
$7,060,000
Jeffersontown, KY
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Jeffersontown, KY
$7,060,000
Jeffersontown, KY
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
Year Term
Miamisburg, OH
$8,060,000
Miamisburg, OH
Features
Acquisition & Stabilization, Bridge, Industrial, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Jacksonville, FL
$8,100,000
Jacksonville, FL
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
Year Term
Jacksonville, FL
$8,180,000
Jacksonville, FL
Features
Acquisition & Renovation, Bridge, Industrial, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Los Angeles, CA
$8,360,000
Los Angeles, CA
Features
Refinance & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Dallas, TX
$8,515,000
Dallas, TX
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Culver City, CA
$8,900,000
Culver City, CA
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Fairfield, OH
$8,975,000
Fairfield, OH
Features
Acquisition & Renovation, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Hamilton, OH
$8,975,000
Hamilton, OH
Features
Acquisition & Renovation, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Austin, TX
$9,125,000
Austin, TX
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Brewster, MA
$9,190,000
Brewster, MA
Features
Refinance, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Dallas, TX
$9,450,000
Dallas, TX
Features
Recapitalization & Renovation, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Industrial
Year Term
Fort Worth, TX
$10,080,000
Fort Worth, TX
Features
Acquisition & Renovation, Bridge, Industrial, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Tallahassee, FL
$10,110,000
Tallahassee, FL
Features
Acquisition & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Des Plaines, IL
$10,680,000
Des Plaines, IL
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
Bridge
Multifamily
Year Term
Tucson, AZ
$11,150,000
Tucson, AZ
Features
Acquisition, Renovation, & Stabilization, Bridge, Multifamily, Year Term
Description
In July, Ready Capital closed the financing for the acquisition and stabilization of a 160-unit, Class B, multifamily property in the St. Augustine submarket of Tallahassee, FL. Upon acquisition, the sponsor will implement a capital improvement plan. Ready Capital closed the $10.11MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures.
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
- Director, National Bridge Originations
- 212-301-1892
- david.kwitman@readycapital.com
David is a real estate investment professional with over 10 years experience investing in private market real estate transactions across the capital structure and property types. As a Director in the production group of Ready Capital, David is responsible for sourcing, structuring and closing loans for the firm’s nationwide middle market bridge lending platform with a focus on transitional and value-add real estate opportunities. Prior to Ready Capital, David held positions at FirstKey Lending, Prudential Real Estate Investors and J.P.Morgan. He is a graduate of Washington University in St. Louis and received his M.B.A. from Columbia Business School, where he focused on real estate and finance. He is a CFA Charterholder, earning the designation in 2009.
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Bridge
-
Fixed rate
-
Multifamily
Bridge
Industrial
3 Year Term
Tampa, FL
Bridge
Office
3 Year Term
Greenwood, IN
Bridge
Mixed Use
4 Year Term
Charlotte, NC
Bridge
Retail
3 Year Term
Santa Monica, CA
Bridge
Multifamily
3 Year Term
Los Angeles, CA
Fixed rate
Retail
2 Year Term
Sacramento, CA
Bridge
Retail
5 Year Term
Jacksonville, FL
Bridge
Various Property Types - Portfolio
3 Year Term
Los Angeles, CA
Bridge
Multifamily
3 Year Term
Houston, TX
Fixed rate
Student Housing
3 Year Term
Normal & Champaign, IL
Bridge
Multifamily
5 Year Term
West Valley City , UT
Fixed rate
Mixed Use
7 Year Term
Costa Mesa, CA
Bridge
Retail
3 Year Term
Miami, FL
Bridge
Multifamily
3 Year Term
San Antonio , TX
Bridge
Multifamily
3 Year Term
San Antonio, TX
Bridge
Retail
3 Year Term
Miami (Wynwood), FL
Bridge
Multifamily
3 Year Term
Houston , TX
Bridge
Multifamily
3 Year Term
Portland , OR
Bridge
Multifamily
3 Year Term
Freeport, TX
Bridge
Multifamily
2 Year Term
Houston, TX
Bridge
Retail
3 Year Term
Miami, FL
Bridge
Office
3 Year Term
Charlotte, NC
Bridge
Retail
3 Year Term
Charlotte, NC
Bridge
Multifamily
2 years Year Term
Tampa, FL
Bridge
Industrial
3 Year Term
Charlotte, NC
Bridge
Office
3 Year Term
Chicago, IL
Bridge
Mixed Use
3 Year Term
Los Angeles , CA
Bridge
Multifamily
3 Year Term
San Antonio , TX
Bridge
Multifamily
3 Year Term
San Antonio , TX
Fixed rate
Mixed Use
10 Year Term
Surprise, AZ
Fixed rate
Mixed Use
10 Year Term
Portfolio , Various States
Bridge
Mixed Use
3 Year Term
Denver, CO
Bridge
Mixed Use
3 Year Term
Seattle, WA
Bridge
Office
3 Year Term
Chicago, IL
Bridge
Multifamily
3 Year Term
Largo, FL
Fixed rate
Multifamily
5 Year Term
Midvale, UT
Bridge
Industrial
2 Year Term
Hollywood, FL
Bridge
Multifamily
3 Year Term
New York, NY
Bridge
Multifamily
3 Year Term
Phoenix, AZ
Bridge
Industrial
3 Year Term
Portland, TN
Bridge
Industrial
2 Year Term
Baldwin Park, CA
Bridge
Hospitality
3 Year Term
Daytona Beach, FL
Bridge
Industrial
3 Year Term
Fair Lawn, NJ
Bridge
Multifamily
2 Year Term
San Francisco, CA
Bridge
Self Storage
3 Year Term
Garfield, NJ
Bridge
Multifamily
2 Year Term
San Francisco, CA
Bridge
Office
3 Year Term
Newport Beach, CA
Bridge
Office
3 Year Term
Del Mar, CA
Bridge
Office
3 Year Term
Toluca Lake, CA
Fixed rate
Self Storage
5 Year Term
Missouri City, TX
Bridge
Hospitality
3 Year Term
Englewood, CO
Bridge
Multifamily
2 Year Term
Philadelphia, PA
Bridge
Industrial
2 Year Term
Belleville, MI
Bridge
Retail
3 Year Term
Miami, FL
Bridge
Multifamily
3 Year Term
Los Angeles, CA
Bridge
Industrial
4 Year Term
Dallas, TX
Bridge
Hospitality
3 Year Term
Orlando, FL
Bridge
Mixed Use
2 Year Term
Miami Beach, FL
Bridge
Office
3 Year Term
Portland, OR
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
Ready Capital National Bridge Lending Team highlights key real estate deals closed in the third quarter of 2021
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