Loan Programs > Commercial Real Estate > Multifamily Bridge loans
Multifamily Bridge loans
See why Ready Capital continues to be a bridge lending leader and learn what we can do for your multifamily portfolio.
Overview
Ready Capital provides terms up to five years for multifamily, office, retail, industrial, mixed-use, self-storage, student housing, hospitality, residential and commercial condo, and specialty use properties.
We consider the full range of value-add strategies and deliver bridge financing solutions backed by experienced lending professionals.
Bridge Lender for Multifamily Properties
As a leader in nationwide, non-recourse, multifamily 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 team.
| Bridge Program | Asset Types | Leverage |
|---|---|---|
|
|
Multifamily, SFR, Fractured Condo, Manufactured Housing, Student Housing, and Co-Living | Up to 80% LTC |
| Non-Cash Flowing | Multifamily, SFR, Student Housing, and Hotel-to-Multifamily Conversion | Up to 75% 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 DSCR / Debt Yield | No minimum DSCR or debt yield required |
| 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
View recent deals to learn how we're helping borrowers get the Multifamily Bridge financing they need.
Nationwide Multifamily 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.