Fixed Rate Lending
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:
10 Year Term
“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.”
5 Year Term
10 Year Term
10 Year Term
“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.”
10 Year Term
3 Year Term
Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.
|Property Types||Primarily office, retail, multifamily, self-storage and industrial|
|Rates||Competitive rates priced off of SWAPs|
|Loan Size||$750,000 to $20,000,000 primarily|
|Loan Purpose||Refinance, cash out & acquisition|
Loan terms for 2 years to 10 years
Can consider other terms on case-by-case basis
|Leverage||Up to 80% in select markets|
|Recourse||Non-recourse with standard carveouts|
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 Coverage||As low as 1.20x|
Up to 30 year amortization
Interest only available
Contact a Production Officer or a member of our production team for more information for your area or market. All of our Production Officers have the ability to lend nationwide. If you need further information, please contact firstname.lastname@example.org.
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 shareholder value,” said Tom Capasse, Chief Executive Officer. “We believe, with this rebrand, we have simplified our story, and now can prominently feature our lending products and services for our clients.”
“The rebranding initiative further signifies our commitment to the sector,” said Carole Mortensen, Chief Operating Officer. “Our goal is to position the Ready Capital brand as a proven leader in mortgage finance with the reputation of possessing a flexible credit philosophy, yet strong investment discipline. Simply stated, this is who we are.”
In connection with the name change, effective on October 1, 2018, the Company’s trading symbols on the New York Stock Exchange will change from “SLD” to “RC” for shares of the Company’s common stock, and from “SLDA” to “RCA” for the Company’s 7.00% convertible senior notes due 2023, and from “SLDD” to “RCP” for the Company’s 6.50% senior notes due 2021. Following the name change, the new CUSIP number for the Company’s common stock will be 75574U101, the new CUSIP number for the Company’s 7.00% convertible senior notes due 2023 will be 75574U200, and the new CUSIP number for the Company’s 6.50% senior notes due 2021 will be 75574U309.
About Sutherland Asset Management Corporation
Sutherland Asset Management Corporation (NYSE: SLD) is a REIT that originates, acquires, finances, services and manages primarily small balance commercial (“SBC”) loans, U.S. Small Business Administration loans under its Section 7(a) program, and residential mortgage loans. The Company originates SBC loans through its ReadyCap Lending subsidiaries and originates residential mortgage loans through its GMFS subsidiary. The Company is externally managed and advised by Waterfall Asset Management, LLC.
Sutherland Asset Management
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