Loan Programs > Commercial Real Estate > Commercial Bridge Loans
Commercial Bridge Loans
Work with our team of production and credit experts to help finance your commercial bridge loans.Â
Overview
We offer core and non-core bridge programs with terms up to five years for industrial, self-storage, essential retail, office, non-essential retail, and hospitality.
Bridge Lender for Commercial Properties
As a leader in non-recourse, commercial bridge lending, Ready Capital brings clients certainty of execution through a collaboration of production and credit experts for a streamlined, up-front credit process. Post-closing, we strive to exceed our clients’ expectations through our in-house, client-centric portfolio management platform.
| Bridge Program | Asset Types | Leverage |
|---|---|---|
| Core | Industrial, Self-Storage, Essential Retail | Up to 75% LTC |
| Non-Core | Office, Non-Essential Retail, Hospitality | Up to 65% LTC |
Loan Terms
| Loan Purpose | Acquisition, refinance, and recapitalization |
| Loan Amount |
$5 million - $75 million Larger loan amounts considered |
| Loan Term | Up to five years; including extensions where applicable |
| Rate Type |
Floating (SOFR-based); Fixed and Hybrid (part Floating/part Fixed) available |
| Fees | 1.00% origination fee; 0.25%+ exit fee; 0.25%+ extension fee (custom fees available) |
| In-Place Debt Yield | No minimum depending on property type |
| Amortization | Interest only during initial term |
| Future Advances |
Capital expenditures, interest and carry reserves, and additional reserves as needed Funded according to sponsor’s business plan |
| Earnouts | Available |
| Recourse |
Non-recourse with standard carve-outs Further guarantees may be required |
| Prepayment | Minimum interest; no lockout |
Recent transactions
We consider the full range of value-add strategies and deliver structured finance solutions backed by experienced CRE lending professionals.
Nationwide Commercial Bridge Lending at its Best
Proven leaders with in-depth industry knowledge, we are an experienced team focused on consistently delivering for our brokers and sponsors.