Loan Programs > Commercial Real Estate > Fixed Rate loans
Fixed Rate loans: Coming soon
Learn more about Ready Capital’s Fixed Rate financing for stabilized properties.
Overview
Ready Capital’s short term Fixed Rate product is designed for borrowers of small balance stabilized properties who prefer not to lock in expensive long term debt, in loan amounts up to $20MM.
Coming Soon: Fixed Rate for Commercial Properties
Ready Capital’s short term Fixed Rate product is designed for borrowers of small balance stabilized properties who prefer not to lock in expensive long term debt.
| Fixed Rate Program | Asset Types (Stabilized) | Min Rate | MIN IO DSCR | Max LTV |
|---|---|---|---|---|
| Core | Multifamily | 8.00% | 1.10x | 70% |
| Non-Core | Retail, Industrial, Mixed-use, Self-storage, MHC, Student Housing, Hospitality | 8.50% | 1.20x | 65-70% |
Loan Terms
| Loan Purpose | Acquisition, refinance, recapitalization of stabilized properties |
| Loan Amount | Up to $20 million |
| Loan Term | 3 years |
| Rate Type | Fixed |
| Fees | 1.00% origination fee |
| Amortization | None, interest only |
| Future Funding | Available on a case-by-case basis |
| Recourse | Non-recourse with standard carve-outs |
| Prepayment | 3% | 2% | 1%; 6-month lockout period; open last 6 months |
| Closing Timeline | 30 to 45 days |
| Transaction Costs | Capped at $30,000 (for loans to $10 million on a single property) |
Fixed Rate Lending at its Best
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