Fixed Rate Lending

OVERVIEW

Ready Capital offers fixed rate permanent loans to $25 million for multifamily, office, retail mixed use, self-storage, industrial and select other property types. As a non-bank capital source, we bring speed to the commercial lending process and help borrowers capitalize on more opportunities.

Ready Capital is one of the few non-bank commercial mortgage lenders providing financing nationwide. We are driven by our vision to provide customers with an unparalleled experience in small-balance commercial real estate financing. We leverage our team’s expertise to deliver flexible commercial lending solutions, quick closings and exceptional customer service.

Check out our most recent transactions & client testimonials:

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$3,322,500
Rate/Term Refinance
Fixed rate
Multifamily
10 Year Term
Lilburn, GA

“The way you solved challenges was a breath of fresh air. I have not seen a lender in six years that showed the willingness to explore all of the options available…this was the best performance we have had with a lender in a long, long time. Thanks again.”

- Warren
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$5,200,000
Cash-Out Refinance
Fixed rate
Office
10 Year Term
Glendale , CA
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$4,500,000
Cash-Out Refinance
Fixed rate
Retail
5 Year Term
Fairfax Station, VA
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$5,587,500
purchase
Fixed rate
Retail
10 Year Term
Tempe, AZ
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$3,400,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Bronx, NY
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$1,391,000
Purchase
Fixed rate
Multifamily
10 Year Term
Various, GA
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$2,400,000
Cash-Out Refinance
Fixed rate
Retail
10 Year Term
Riverdale, GA
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$2,625,000
Purchase
Fixed rate
Office
10 Year Term
Westerville, OH

“The Ready Capital team was responsive throughout the loan process and they performed to our expectation. Inquiries were handled promptly and professionally from beginning to end. We anticipate a long and mutually beneficial relationship with Ready Capital going forward.”

- Zaya
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$9,445,000
purchase
Fixed rate
Multifamily
5 Year Term
Midvale, UT
$1,387,500
purchase
Fixed rate
Mixed Use
10 Year Term
Chicago, IL
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$750,000
purchase
Fixed rate
Multifamily
10 Year Term
Lakewood, CO
$1,080,000
Cash-Out Refinance
Fixed rate
Multifamily
5 Year Term
Forest Park, GA
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$4,250,000
Cash-Out Refinance
Fixed rate
Office
10 Year Term
Glendale, CA
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$7,000,000
Cash-Out Refinance
Fixed rate
Self Storage
12 Year Term
Kent, WA
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$1,965,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Various, OH
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$4,500,000
Rate/Term Refinance
Fixed rate
Office
10 Year Term
Chesapeake, VA
$2,100,000
Cash-Out Refinance
Fixed rate
Mixed Use
5 Year Term
Los Angeles , CA
$1,750,000
Rate/Term Refinance
Fixed rate
Retail
10 Year Term
Coral Gables, FL
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$7,500,000
Purchase
Fixed rate
Multifamily
10 Year Term
Oklahoma City, OK
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$1,687,500
Rate/Term Refinance
Fixed rate
Retail
10 Year Term
Pflugerville, TX
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$1,570,000
Purchase
Fixed rate
Multifamily
10 Year Term
Sellersburg, IN
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$3,500,000
Cash-Out Refinance
Fixed rate
Multifamily
5 Year Term
Seattle, WA
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$9,150,000
Rate/Term Refinance
Fixed rate
Mixed Use
10 Year Term
Surprise, AZ
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$31,500,000
Rate/Term Refinance
Fixed rate
Mixed Use
10 Year Term
Portfolio , Various States
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$2,400,000
Purchase
Fixed rate
Office
10 Year Term
Dallas, TX
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$21,500,000
Rate/Term Finance
Fixed rate
Multifamily
3 Year Term
Peoria, AZ
$2,665,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Coral Gables, FL
$704,500
purchase
Fixed rate
Multifamily
10 Year Term
Columbus, OH
$1,732,500
purchase
Fixed rate
Multifamily
10 Year Term
Columbus, OH
$15,018,750
purchase
Fixed rate
Multifamily
4 Year Term
Las Vegas, NV
$9,405,000
purchase
Fixed rate
Self Storage
5 Year Term
Missouri City, TX
$2,145,000
Cash-Out Refinance
Fixed rate
Mobile Home Park
15 Year Term
Greensboro, NC
$776,000
purchase
Fixed rate
Multifamily
10 Year Term
Nashville, TN
$1,490,000
purchase
Fixed rate
Industrial
10 Year Term
Houston, TX
CRITERIA

Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.

Fixed Rate
Property TypesPrimarily office, retail, multifamily, self-storage and industrial
RatesCompetitive rates priced off of SWAPs
Loan Size$750,000 to $20,000,000 primarily
Loan PurposeRefinance, cash out & acquisition
TermsLoan terms for 2 years to 10 years
Can consider other terms on case-by-case basis
LeverageUp to 80% in select markets
RecourseNon-recourse with standard carveouts
PrepaymentFlexible
Can offer yield maintenance, step-down and up to 20% UPB
Can be repaid on a rolling 12 month basis without prepayment penalty
Debt Service CoverageAs low as 1.20x
AmortizationUp to 30 year amortization
Interest only available
OriginationPar
NEWS
  • 2018
  • 2017
  • 2016
Ready Capital National Bridge Team Closes Approximately $120 Million Across 14 States - 12/17/2018
NEW YORK, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Ready Capital National Bridge Originations Team announces the closing of acquisition, renovation, and cash out refinance loans for approximately $120 Million across 14 states. The Denver, CO loan is for the acquisition and renovation of an approximately 16 ...
Ready Capital Announces Merger with Owens Realty Mortgage - 11/08/2018
READY CAPITAL ANNOUNCES MERGER WITH OWENS REALTY MORTGAGE   Approximately $200M of Additional Capital Raised to Support Targeted Growth in Small Balance Commercial Assets  Combined Company Will Enhance Shareholder Liquidity Transaction Expected to be Accretive to Earnings in 2019  Transaction Expect ...
Sutherland Asset Management Corporation Announces Name Change To Ready Capital Corporation - 10/01/2018
NEW YORK, Sept. 24, 2018 /PRNewswire/ -- Sutherland Asset Management Corporation (NYSE: SLD) announced that, effective 12:01 a.m. Eastern Time on September 26, 2018, it will change its name to "Ready Capital Corporation". "The Ready Capital brand represents part of our larger strategy to improve sha ...
ReadyCap Commercial Surpasses $3 Billion Funded Milestone - 08/14/2018
IRVING, TEXAS – August 14, 2018 – In July 2018, ReadyCap Commercial, LLC (ReadyCap), a leader in small to middle-market commercial real estate mortgage finance, announced it surpassed  $3 billion in funded  loans across its menu of products in just five years. Founded in 2012 and headquartered in Ir ...
Ready Capital Structured Finance Closes Non-Recourse Loans for approximately $70 Million in Washi... - 07/31/2018
NEW YORK – July 31, 2018 – Ready Capital Structured Finance, a nationwide commercial real estate bridge and mezzanine lender, announces the closing of non-recourse loans in Washington, Tennessee, North Carolina, Florida, New Jersey, Illinois, New York and California totaling approximately $70 millio ...
Ready Capital Structured Finance Closes Non-Recourse Loans for approximately $60 Million in Calif... - 05/24/2018
NEW YORK – May 24, 2018 – Ready Capital Structured Finance, a nationwide commercial real estate bridge and mezzanine lender, announces the closing of non-recourse loans in California, Colorado, Virginia, North Carolina and Texas totaling approximately $60 million. The Toluca Lake, California loan is ...
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CAREERS

Interested in working with one of the fastest growing commercial mortgage REIT’s in the industry?

Ready Capital is always looking to add experienced and driven professionals to expand and grow with our company. We are continually searching for experienced professionals within the industry by offering a work environment thriving on collaboration and a corporate culture of employees who are passionate and excited about what they do.

Find out what job positions are open in your area.

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