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    Fixed Rate Lending

    OVERVIEW

    Ready Capital offers fixed rate permanent loans to $50 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:

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    $1,050,000
    Purchase
    Fixed rate
    Retail
    10 Year Term
    Conyers, GA
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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
    $900,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Greensboro, NC
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    $3,325,000
    Purchase
    Fixed rate
    Retail
    10 Year Term
    New Lenox, IL
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    $3,400,000
    Purchase
    Fixed rate
    Retail
    10 Year Term
    Lawrenceville, GA
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    $2,065,000
    Purchase
    Fixed rate
    Retail
    10 Year Term
    Kissimmee, FL
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    $4,575,000
    Purchase
    Fixed rate
    Retail
    10 Year Term
    Live Oak , TX
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    $1,610,000
    Rate/Term Refinance
    Fixed rate
    Retail
    5 Year Term
    Yuma, AZ
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    $1,300,000
    Purchase
    Fixed rate
    Retail
    10 Year Term
    Capitol Heights, MD
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    $1,700,000
    Cash-Out Refinance
    Fixed rate
    Industrial
    10 Year Term
    Pittsburg, CA
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    $1,080,000
    Cash-Out Refinance
    Fixed rate
    Mixed Use
    10 Year Term
    Clifton, NJ
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    $1,400,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Paterson, NJ
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    $15,000,000
    Rate/Term Refinance
    Fixed rate
    Fixed Rate
    10 Year Term
    San Antonio, TX
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    $2,650,000
    Purchase
    Fixed rate
    Office
    10 Year Term
    Grand Prairie, TX
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    $12,000,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Waxahachie, TX
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    $2,000,000
    Rate/Term Refinance
    Fixed rate
    Retail
    5 Year Term
    Evansville, IN
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    $6,200,000
    Purchase
    Fixed rate
    Retail
    2 Year Term
    Sacramento, CA
    CRITERIA

    PRODUCT OVERVIEW

    • $3MM – $50MM*
    • 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:
    Lisa Cappelletti Executive Director CA Joel Covington Director NY John Drennan Director NY Dan Gaylord Director TX Russell Grigg Director FL Oliver Harris Vice President DC Kevin Leonard Vice President NC John DePasquale Vice President NY
    Strategic Partnership Team:
    Michel Gilbert Executive Director TX Jeffrey Bottoms Vice President TX Brian Callom Vice President TX Craig Castaldi Vice President TX Eli Smith Vice President TX
    National Bridge Originations Team:
    Jordan Goforth Executive Director West Coast Mark Blaha Director Midwest David Kwitman Director East Coast Fernando Mendez Director East Coast Alex Gursky Vice President East Coast
    Back to News
    Ready Capital Corporation Announces Securitization of $768 Million in Bridge Loans
    07/27/2018

     Ready Capital Corporation Announces Securitization of $768 Million in Bridge Loans

    CRE CLO Securitization is the Company’s Largest Since 2005 Inception

     

    NEW YORK, April 1, 2021 — Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) announced the closing of a $629 million commercial mortgage collateralized loan obligation (“CRE CLO”) with the limited right to acquire all or part of $139 million in future funding participation interests. Moody’s Investors Service, Inc. (“Moody’s”) and Kroll Bond Rating Agency, LLC (“KBRA”) assigned a “Aaa(sf)” and “AAA(sf)” rating, respectively to the senior most certificates, with KBRA providing ratings to the remaining classes of the transaction.  With the closing of this CRE CLO, Ready Capital Mortgage Financing 2021-FL5, LLC (“RCMF 2021-FL5”), the Company has issued five CRE CLOs backed by $1.8 billion of collateral UPB.

    RCMF 2021-FL5 consists of 58 mortgage loans secured by 65 properties across the United States.  Approximately 74% of the loan balance in the portfolio represents loans that were originated after the onset of the pandemic in March 2020, with the remaining balance attributable to loans originated prior to that.  The portfolio includes mortgage loans primarily secured by multifamily and office properties across 16 states.

    “The Ready Capital team has had great momentum at the start of this year closing over $650 million in bridge loans during the first quarter,” said Anuj Gupta, President of Commercial Real Estate Lending at Ready Capital. “We were fortunate to re-emerge quickly with strength out of the pandemic, bringing multi-product financing solutions to our clients”

    The CRE CLO was arranged by a bank syndicate including J.P. Morgan as sole structuring agent and Deutsche Bank as co-lead manager with Piper Sandler as the co-manager.

     

    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 balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 500 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

     

    SOURCE Ready Capital Corporation

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