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. Leveraging the firm’s Bridge expertise, Ready Capital was one of the first lenders to offer a Bridge-to-Agency product, creating 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 DSCR/Debt Yield |
5%+ DY preferred Lower levels considered |
| 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 | Capped at $10,000 |
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.