Loan Programs > Commercial Real Estate > Bridge-to-Agency loans
Bridge-to-Agency loans
Many investors benefit from agency financing for their properties. Find out why Bridge-to-Agency lending may be a viable solution.
Overview
We offer small balance loans from $1 million to $7.5 million with floating rate terms (SOFR-based) up to two years. Whether it’s capital for acquisition, refinancing, or recapitalization, our Bridge-to-Agency loans can be a good option for multifamily investors.
Bridge-to-Agency for Multifamily Properties
Ready Capital is the single source for nationwide, small balance multifamily loans. With 10+ years experience as a Freddie Mac SBL Optigo® lender and a nationwide, small balance Bridge-to-Agency program, Ready Capital is a one-stop shop for our clients with a bridge loan to refinance into Freddie Mac SBL.
Loan Terms
| Loan Purpose |
Acquisition, refinance, recapitalization
Upgrades and/or seasoning |
| Loan Amount |
$1 million to $7.5 million (>$7.5 million for portfolios) |
| Loan Term | Up to 2 years, 6-month or 1-year extensions available |
| Rate Type | Floating (SOFR-based) |
| Closing Timeline | 30-45 days |
| Fees |
Origination generally 1% Exit fees waived with Ready Capital Freddie Mac SBL take-out |
| In-Place Debt Yield |
DY of 5.0%+ preferred Lower levels considered case-by-case |
| Amortization | Full-term; interest only |
| Earnouts | Available based on achievement of future performance hurdles |
| Future Advances |
Capital expenditures, interest and carry reserves, and additional reserves as needed Funded according to sponsor’s business plan |
| Escrows | RE taxes and insurance |
| Non-Recourse | Non-recourse with standard carveouts |
| Prepayment |
Minimum interest; no lockout Options available |
| Legal Fees | Generally $10,000 to $15,000 |
Recent transactions
View recent deals to learn how we're helping borrowers get the Bridge-to-Agency financing they need.
Bridge-to-Agency Experts
Our professionals have deep industry expertise, offering investors and sponsors commercial real estate know-how and confidence through all markets and credit cycles.