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

  • $3MM – $25MM*
  • Flexible prepays including step-downs
  • Stabilized and near-stabilized properties
  • Custom structures
  • Major markets nationwide
  • Pricing starting in the 4%s
  • Acquisitions, refinance, recapitalization, cash out
  • 2 – 10 year terms (15 years on a case-by-case basis)
  • Up to 75% LTV
  • Minimum 1.25 DCR
  • Up to 30 year amortization for multi-family, 25 years for other asset types, IO on a case-by-case basis
  • Par to lender / YSP available
  • CMBS alternative
  • Non-recourse
  • Future funding, holdbacks and earn-outs
  • Light value add if cash flowing

*Lower and higher loan amounts considered on a case-by-case basis

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:
Newmark Announces Sale and Financing of 416-Unit Multifamily Asset in DFW Market
07/27/2018

March 3, 2021 12:00 PM

Newmark announces the sale and financing of Marbletree Apartments, a 416-unit, garden-style multifamily asset at 4057 North Belt Line Road in Irving, Texas. The property is currently 98% occupied.

Newmark Senior Managing Director Jakob Andersen and Executive Managing Director Brian O’Boyle, Jr. represented the seller, LumaCorp, Inc., in the transaction to buyer, privately held real estate investment company GoodLife Housing Partners (GoodLife HP). Financing for the purchase was provided by Ready Capital and placed by Newmark Vice Chairman Deverick Jordan, MAI, FRICS and Associate William Hairston.

“This was a cooperative effort, with value added for all parties. The transaction was executed in a timely manner and facilitated a 1031 exchange for the seller; the buyer is able to expand their footprint in the Dallas-Fort Worth market,” said Brian. “Additionally, the transaction demonstrated the health of the debt capital markets,” added Deverick.

“Our objective as the lender was to provide the sponsor with an optimal loan structure to match their business plan. We were able to meet their timeline with certainty of execution through our upfront process,” said David Cohen, Managing Director of Ready Capital.

Built in 1982 and having never undergone renovations, the property is well-positioned for capital improvements, including updated unit interiors and improved property amenities, which is in-line with the Buyer’s value-add investment strategy.

The property is located less than two miles from Dallas-Fort Worth International Airport and has direct access to Interstates 161 and 183, providing residents a convenient 20‐minute drive to Dallas Love Field Airport, Downtown Dallas and Downtown Arlington, and a 30‐minute drive to Downtown Fort Worth. There are 185,227 jobs within a five‐mile radius of Marbletree Apartments and several new major employment hubs are under development nearby, including Las Colinas Urban Center (26,000+ employees), American Airlines headquarters (11,000+ employees) and Cypress Waters (17000+ employees).

According to Newmark Research, despite the impact of COVID‐19, annual rent growth for 1980s vintage multifamily assets in the Irving submarket remained positive at 2.4%. In the past five years, the average annual rent growth has been 4.2% and the average occupancy rate has been 95.2%, reflecting the strength of the submarket.

About Ready Capital
Ready Capital (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Our National Bridge Originations Team offers nonrecourse financing on transitional, value-add and event-driven commercial and multifamily real estate opportunities. Ready Capital is a direct lender that provides comprehensive financing solutions to real estate owners, investors and small business owners, which generally range in original principal amounts between $2 – $45 million and larger for select assets and portfolios. For more information, contact David A. Cohen, National Bridge Originations Managing Director for Ready Capital at david.cohen@readycapital.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements About Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

Find original release here: Newmark Announces Sale and Financing of 416-Unit Multifamily Asset in DFW Market | Newmark (ngkf.com)

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.