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 your 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 with 100+ loans closed in recent years, Ready Capital—a 2024 Top 5 Freddie Mac SBL lender—is a “one-stop shop” for our clients.
Loan Terms
| Loan Purpose |
Acquisition, refinance, recapitalization
Upgrades and/or seasoning, expedited loan closings |
| Loan Amount |
$1 million to $7.5 million (>$7.5 million for multiple properties) |
| Loan Term | Up to 2 years, plus extensions |
| Rate Type | Floating (SOFR-based) |
| Closing Timeline | 30-45 days |
| Fees |
Origination generally 1% Exit fees waived with Ready Capital take-out |
| In-Place Debt Yield |
DY of 5.0%+ preferred Lower levels considered case-by-case |
| Amortization | Full-term; interest only (IO) |
| Earnouts | Available based on achievement of future performance hurdles |
| Future Advances | As needed; no interest charged on unfunded portion of loan |
| Escrow | RE taxes and insurance |
| Recourse | Non-recourse with standard carveouts |
| Prepayment | Minimum interest; no lockout |
| Extensions | 6-month or 1-year extensions 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 team of professionals have deep industry expertise, offering brokers and sponsors commercial real estate know-how and confidence through all markets and credit cycles.