Loan Programs > Commercial Real Estate > Fixed Rate
Fixed Rate
Explore custom structures and flexible prepayment options with Ready Capital. As B-piece holder, your ongoing acquisition, refinance, recap investment is ours.
Overview
We’re one of the few non-bank commercial mortgage lenders providing financing nationwide to help you capitalize on more opportunities. We offer fixed-rate permanent loans from $2 to $50 million for multifamily, office, retail mixed use, self-storage, industrial and select other property types.
Fixed Rate for
Commercial Properties
Ready Capital’s Fixed Rate program provides custom solutions including flexible prepayment options and tailored structures such as future fundings, holdbacks, and earnouts.
Loan Terms
| Loan Purpose | Acquisition, refinance, recapitalization |
| Loan Amount | $2 million - $50 million |
| Loan Term | 2-10 year terms |
| Rate Type | Fixed and Hybrid (part Floating/part Fixed) available |
| Interest Only | Full term interest only available |
| LTV | Multifamily: 80%; Commercial: 75% |
| Fees | Origination – Par to lender |
| DSCR/Debt Yield |
Multifamily 1.15x; Commercial 1.20x Multifamily 7.0%; Commercial 9.0% |
| Amortization | 25-30 years |
| Recourse | Non-recourse with standard carve-outs |
| Prepayment | Flexible declining prepay |
| Borrower | Single purpose entity required |
| Reserves | TI/LC, CapEx as applicable |
| Lockbox/Cash Management | Springing or in-place |
| Additional Structures | Future advances and earnouts during first year; rate burn downs |
Recent transactions
We consider the full range of value-add strategies and deliver structured finance solutions backed by experienced CRE lending professionals.
CRE lending at its best
We’re committed to locking in the terms that help you achieve your long-term investment goals. As a true collaborator with our CRE Finance Team, we give you ready insight into our approach to deal terms and proceeds.