Loan Programs > Commercial Real Estate > Fixed Rate

Fixed Rate: 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

Proven leaders with in-depth industry knowledge, we are an experienced team focused on consistently delivering for our brokers and sponsors.

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