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 and client testimonials:

image
$1,050,000
Purchase
Fixed rate
Retail
10 Year Term
Conyers, GA
image
$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
image
$5,200,000
Cash-Out Refinance
Fixed rate
Office
10 Year Term
Glendale , CA
image
$4,500,000
Cash-Out Refinance
Fixed rate
Retail
5 Year Term
Fairfax Station, VA
image
$5,587,500
purchase
Fixed rate
Retail
10 Year Term
Tempe, AZ
image
$3,400,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Bronx, NY
image
$1,391,000
Purchase
Fixed rate
Multifamily
10 Year Term
Various, GA
image
$2,400,000
Cash-Out Refinance
Fixed rate
Retail
10 Year Term
Riverdale, GA
image
$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
image
$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
image
$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
image
$4,250,000
Cash-Out Refinance
Fixed rate
Office
10 Year Term
Glendale, CA
image
$7,000,000
Cash-Out Refinance
Fixed rate
Self Storage
12 Year Term
Kent, WA
image
$1,965,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Various, OH
image
$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
image
$7,500,000
Purchase
Fixed rate
Multifamily
10 Year Term
Oklahoma City, OK
image
$1,687,500
Rate/Term Refinance
Fixed rate
Retail
10 Year Term
Pflugerville, TX
$900,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Greensboro, NC
image
$3,325,000
Purchase
Fixed rate
Retail
10 Year Term
New Lenox, IL
image
$3,400,000
Purchase
Fixed rate
Retail
10 Year Term
Lawrenceville, GA
image
$2,065,000
Purchase
Fixed rate
Retail
10 Year Term
Kissimmee, FL
image
$4,575,000
Purchase
Fixed rate
Retail
10 Year Term
Live Oak , TX
image
$1,610,000
Rate/Term Refinance
Fixed rate
Retail
5 Year Term
Yuma, AZ
image
$1,300,000
Purchase
Fixed rate
Retail
10 Year Term
Capitol Heights, MD
image
$1,700,000
Cash-Out Refinance
Fixed rate
Industrial
10 Year Term
Pittsburg, CA
image
$1,080,000
Cash-Out Refinance
Fixed rate
Mixed Use
10 Year Term
Clifton, NJ
image
$1,400,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Paterson, NJ
image
$15,000,000
Rate/Term Refinance
Fixed rate
Fixed Rate
10 Year Term
San Antonio, TX
image
$2,650,000
Purchase
Fixed rate
Office
10 Year Term
Grand Prairie, TX
image
$12,000,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Waxahachie, TX
image
$2,000,000
Rate/Term Refinance
Fixed rate
Retail
5 Year Term
Evansville, IN
image
$6,200,000
Purchase
Fixed rate
Retail
2 Year Term
Sacramento, CA
CRITERIA

PRODUCT OVERVIEW

  • Traditional CMBS loan alternative
  • Stabilizing properties subject to minimum debt yields
  • Term: fixed rate two to 10 years, 10+ years deal specific
  • Amortization up to 30 years
  • Prepayment flexibility: step down and open periods
  • Future Funding: Capex, TI/LC and earnouts
  • Fixed rate bridge and bridge-to-agency
  • Custom loan structuring to borrower outlook for real estate
CONTACT

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 cre@readycapital.com.

National Loan Originations Team:
Strategic Partnership Team:
National Bridge Originations Team:
Ready Capital Corporation Reaches $2 Billion In SBA Loan Approvals Through The Paycheck Protection Program
07/27/2018

NEW YORK, April 15, 2020 /PRNewswire/ — Ready Capital Corporation (NYSE: RC) announced today that the Company’s national Small Business Administration (SBA) lender, ReadyCap Lending, LLC, has obtained SBA approvals to fund in excess of $2 billion loans through the U.S. Small Business Administration’s Paycheck Protection Program (“PPP Program”). Through the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), the initiative calls for existing SBA lenders to extend loans to small business to cover payroll, occupancy and operating expenses through the PPP Program. Furthermore, the PPP Program includes a 100% guarantee from the federal government for loans up to $10 million and principal forgiveness for borrowers if the funds are used primarily for retaining employees. Ready Capital, through its front-end technology embedded in its iBusiness Funding platform, helps small businesses by lending, not only to its existing clients, but also new applicants. Ready Capital started taking applications the first week of April and began funding of the PPP Program on Monday, April 13th. The Company will continue to fund approved loans over the upcoming weeks and is accepting applications at ppp.readycapital.com.

Thomas Capasse, Chairman and Chief Executive Officer said, “Ready Capital has fully dedicated its resources towards helping small businesses obtain this much needed capital to assist with difficulties due to COVID-19. We are proud to support our clients, who are the lifeblood of our business, and proud to be able to support all small business applicants, who are the lifeblood of this country. The government has done their part to make these funds available and it is our responsibility to get the funds into the hands of people who need it most. We estimate our efforts to date, will help to fund the payroll of approximately 200,000 individuals across the country.”

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs over 400 lending professionals nationwide. The Company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations
Ready Capital Corporation
212-257-4666
InvestorRelations@readycapital.com

Cision View original content:http://www.prnewswire.com/news-releases/ready-capital-corporation-reaches-2-billion-in-sba-loan-approvals-through-the-paycheck-protection-program-301040719.html

SOURCE Ready Capital Corporation

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.

SUBMIT A REQUEST

Connect with us and request a quote to see what product best fits your needs. A product representative will be in touch with you shortly.