CMBS

OVERVIEW

Ready Capital’s CMBS lending program offers a fixed-rate mortgage execution strategy for commercial real estate investors seeking competitive pricing with loan structures tailored to the unique characteristics of their properties.

Ready Capital’s nationwide team of CMBS product specialists is committed to providing quick feedback on all loan submissions and focuses on obtaining upfront credit approvals to ensure speed and certainty of execution. Moreover, Ready Capital serves as the B piece investor and Directing Certificate Holder (DCH) for all of its CMBS originations, setting it apart from competing programs and allowing for a wide variety of creative credit solutions.

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$27,500,000
Refinance
CMBS
R.V. Park/Self Storage
10 Year Term
Multiple locations, TX
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$11,250,000
Refinance
CMBS
Industrial
10 Year Term
Los Angeles, CA
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$6,600,000
Refinance
CMBS
Retail
10 Year Term
Metro Detroit, MI
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$6,000,000
Refinance
CMBS
Industrial
10 Year Term
St. Louis, MO
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$2,800,000
Acquisition
CMBS
Multi-family
10 Year Term
Jacksonville, FL
CRITERIA

PRODUCT OVERVIEW

  • Loan size from $2MM up to $45MM (may consider larger sizes for select assets and portfolios)
  • Acquisition, refinance, and recapitalization
  • Terms 5, 7 and 10 years
  • Up to 80% LTV
  • Non-recourse with standard carve-outs
  • Yield maintenance or defeasance
  • Minimum Debt Service Coverage for Multifamily: 1.20x
  • Minimum Debt Service Coverage for Commercial: 1.30x
  • Minimum Debt Yield for Multifamily: 7%
  • Minimum Debt Yield for Commercial: 9% to 12%
  • Full term and partial interest-only considered on a case-by-case basis
  • Amortization 25-30 years
  • Origination fee at par
  • Single purpose entity required
  • TI/LC and Capital Expenditure reserves structured on a deal-by-deal basis
  • Springing or in-place lockbox/cash management
CONTACT

Contact a Production Officer or a member of our production team for more information for your area or market. All of our Production Officers have the ability to lend nationwide. If you need further information, please contact cre@readycapital.com.

National Loan Originations Team:
Strategic Partnership Team:
National Bridge Originations Team:
NEWS
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
Ready Capital Corporation Announces Securitization of $652.5 Million in Bridge Loans - 09/02/2021
CRE CLO Securitization is the Company's Sixth Since Ready Capital’s Inception   NEW YORK, September 2, 2021, Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced the closing of a $652.5 million commercial mortgage collateralized loan obligation ("CRE CLO") wit ...
Ready Capital Announces Acquisition of Red Stone - 08/03/2021
Leading Real Estate Finance Company Expands Footprint in Multifamily Affordable Housing Sector NEW YORK, August 2, 2021 -- Ready Capital Corporation (NYSE: RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances and services commercial loans, today ann ...
Ready Capital Announces Strong Q1 Results for Freddie Mac Business - 05/10/2021
Commercial Lender Builds on Outstanding 2020 Results Ready Capital announced strong results for its Freddie Mac Small Balance Loan (SBL) business during the first quarter, extending into 2021 the increased volume of deals seen by the company in 2020. During the first quarter of 2021, Ready Capital c ...
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 ...
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