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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.

    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%+
    David Kwitman
    New York, NY

    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.

    Specialties:
    • Bridge
    • Multifamily
    Back
    See most recent transactions & client testimonials:
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    $10,200,000
    Purchase
    Bridge
    Multifamily
    5 Year Term
    West Valley City , UT
    image
    $3,400,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Houston, TX
    image
    $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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    $9,150,000
    Rate/Term Refinance
    Fixed rate
    Mixed Use
    10 Year Term
    Surprise, AZ
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    $31,500,000
    Rate/Term Refinance
    Fixed rate
    Mixed Use
    10 Year Term
    Portfolio , Various States
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    $25,070,000
    Purchase
    Bridge
    Mixed Use
    3 Year Term
    Denver, CO
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    $14,480,000
    Rate/Term Refinance
    Bridge
    Mixed Use
    3 Year Term
    Seattle, WA
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    $7,848,475
    Rate/Term Refinance
    Bridge
    Office
    3 Year Term
    Chicago, IL
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    $8,800,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Largo, FL
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    $9,445,000
    purchase
    Fixed rate
    Multifamily
    5 Year Term
    Midvale, UT
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    $6,500,000
    purchase
    Bridge
    Industrial
    2 Year Term
    Hollywood, FL
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    $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
    • 2019
    • 2018
    • 2017
    • 2016
    Ready Capital Corporation Appoints Gary Taylor as Chief Operating Officer - 04/03/2019
    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 incl ...
    Ready Capital and Owens Realty Mortgage Announce Completion of Merger - 03/29/2019
    New York, New York, March 29, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (“Ready Capital”) and Owens Realty Mortgage, Inc. (NYSE American: ORM) (“ORM”) jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of ...
    Ready Capital National Bridge Team Closes Over $100 Million in Four States - 03/25/2019
    NEW YORK – March 21, 2019 – Ready Capital National Bridge Originations Team announces the closing of acquisition, renovation, stabilization and lease-up loans for approximately $100 Million in four states. The San Antonio, TX loan is for the acquisition, renovation, and stabilization of a 392-unit, ...
    Ready Capital Corporation Announces Executive Transition - 03/12/2019
    READY CAPITAL CORPORATION ANNOUNCES EXECUTIVE TRANSITION - Andrew Ahlborn to Become Chief Financial Officer - - Rick Herbst to Retire - New York, NY – March 12, 2019 - Ready Capital Corporation (NYSE:RC) (“Ready Capital” or the “Company”) today announced the appointment of Andrew Ahlborn as Chief Fi ...
    RC 4Q18 Earnings Call Announcement - 03/05/2019
    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 Y ...
    Ready Capital and Owens Realty Mortgage Announce Final Exchange Ratio For Proposed Merger - 02/25/2019
    Company Release - 2/22/2019 4:00 PM ET NEW YORK, NY / ACCESSWIRE / February 22, 2019 / Ready Capital Corporation (RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have determined the final exchange ratio in accordance with the terms ...
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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.

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    View Open Positions
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