Loan Programs > Commercial Real Estate > Solution Capital
Solution Capital
Get ahead of maturing bridge loans with solution-oriented financing from Ready Capital, a leader in non-recourse lending.
Overview
Ready Capital offers a whole loan bridge finance solution by providing a single source lender and a single loan instrument. There is no additional third-party lender involvement which typically requires a recognition agreement or separate subordinated debt instrument.
- Loan Purpose: Bridge-to-Bridge, Stretch Seniors, Participating Debt
- Loan Amount: $5 million to $75 million
- Loan Term: Up to five years; including extensions where applicable
- LTC: Up to 85%
- Rate Type: Floating (SOFR-based)
- 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 (additional reserves as needed); funded according to sponsor’s business plan
- Non-Recourse: Non-recourse with standard carve-outs; further guarantees may be required
- Prepayment: Minimum interest; no lockout
What is the Solution Capital alternative?
We are actively working with borrowers to find solutions for their upcoming maturities.
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For borrowers with maturing bridge loans, we have a “bridge-to-bridge” solution, requiring minimal to no fresh equity at close.
- Single source and single instrument for whole loan bridge refinance solutions (without third-party involvements providing a separate subordinated debt instrument).
- Ready Capital is a leader in non-recourse bridge lending, offering competitive, customizable solutions for transitional, value-add, and event-driven commercial and multifamily real estate.
- Our team 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 clients’ expectations through our in-house, client-centric portfolio management platform.
"There is an upcoming wave of CRE loans maturing into a higher interest rate environment and a dislocated investment sales market. These maturities combined with credit tightening and equity headwinds will put significant stress on borrowers to find solution-oriented capital."
David A. Cohen
Chief Production Officer
Co-Head of Bridge
Co-Head of Bridge
Bridge Lending Experts
Our team of professionals can offer whole loan bridge refinance solutions for borrowers’ upcoming maturities.