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 (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:

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

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
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
  • Fixed rate
  • Multifamily
See most recent transactions & client testimonials:
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$13,400,000
Purchase
Bridge
Industrial
3 Year Term
Tampa, FL
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$6,600,000
Purchase
Bridge
Office
3 Year Term
Greenwood, IN
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$22,600,000
Refinance and Stabilization
Bridge
Mixed Use
4 Year Term
Charlotte, NC
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$13,900,000
Rate/Term Refinance
Bridge
Retail
3 Year Term
Santa Monica, CA
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$4,700,000
Purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
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$6,200,000
Purchase
Fixed rate
Retail
2 Year Term
Sacramento, CA
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$2,600,000
Rate/Term Refinance
Bridge
Retail
5 Year Term
Jacksonville, FL
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$16,200,000
Purchase
Bridge
Various Property Types - Portfolio
3 Year Term
Los Angeles, CA
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$7,500,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
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$11,900,000
Purchase
Fixed rate
Student Housing
3 Year Term
Normal & Champaign, IL
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$10,200,000
Purchase
Bridge
Multifamily
5 Year Term
West Valley City , UT
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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 National Bridge Team Closes Over $270 Million in Eight States - 09/16/2019
NEW YORK, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $270 million in eight states. The Tampa, FL, loan provi ...
Ready Capital National Bridge Team Closes Over $100 Million in Four States - 06/06/2019
NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) -- Ready Capital National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $110 Million in five states. The Houston, TX loans for the ...
Ready Capital Corporation Announces First Quarter 2019 Earnings Release and Conference Call - 05/01/2019
NEW YORK, May 1, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its first quarter 2019 financial results after the New York Stock Exchange closes Wednesday, May 8, 2019. Webcast and Earnings Conference Call Management will host ...
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, ...
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CAREERS

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