Fixed Rate Lending
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:

Fixed rate
Retail
10 Year Term
Conyers, GA

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.”

Fixed rate
Office
10 Year Term
Glendale , CA

Fixed rate
Retail
5 Year Term
Fairfax Station, VA

Fixed rate
Retail
10 Year Term
Tempe, AZ

Fixed rate
Multifamily
10 Year Term
Bronx, NY

Fixed rate
Multifamily
10 Year Term
Various, GA

Fixed rate
Retail
10 Year Term
Riverdale, GA

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.”

Fixed rate
Multifamily
5 Year Term
Midvale, UT
Fixed rate
Mixed Use
10 Year Term
Chicago, IL

Fixed rate
Multifamily
10 Year Term
Lakewood, CO
Fixed rate
Multifamily
5 Year Term
Forest Park, GA

Fixed rate
Office
10 Year Term
Glendale, CA

Fixed rate
Self Storage
12 Year Term
Kent, WA

Freddie SBL
Multifamily
10 Year Term
Various, OH

Fixed rate
Office
10 Year Term
Chesapeake, VA
Fixed rate
Mixed Use
5 Year Term
Los Angeles , CA
Fixed rate
Retail
10 Year Term
Coral Gables, FL

Fixed rate
Multifamily
10 Year Term
Oklahoma City, OK

Fixed rate
Retail
10 Year Term
Pflugerville, TX
Fixed rate
Multifamily
10 Year Term
Greensboro, NC

Fixed rate
Retail
10 Year Term
New Lenox, IL

Fixed rate
Retail
10 Year Term
Lawrenceville, GA

Fixed rate
Retail
10 Year Term
Kissimmee, FL

Fixed rate
Retail
10 Year Term
Live Oak , TX

Fixed rate
Retail
5 Year Term
Yuma, AZ

Fixed rate
Retail
10 Year Term
Capitol Heights, MD

Fixed rate
Industrial
10 Year Term
Pittsburg, CA

Fixed rate
Mixed Use
10 Year Term
Clifton, NJ

Fixed rate
Multifamily
10 Year Term
Paterson, NJ

Fixed rate
Fixed Rate
10 Year Term
San Antonio, TX

Fixed rate
Office
10 Year Term
Grand Prairie, TX

Fixed rate
Multifamily
10 Year Term
Waxahachie, TX

Fixed rate
Retail
5 Year Term
Evansville, IN

Fixed rate
Retail
2 Year Term
Sacramento, CA
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 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.
Commercial Lender Builds on Outstanding 2020 Results
Ready Capital announced strong results for its Freddie Mac Small Balance Loan (SBL) business during the first quarter, extending into 2021 the increased volume of deals seen by the company in 2020. During the first quarter of 2021, Ready Capital closed 62 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $164 million in funding, with a pipeline of over $225 million. The recent quarter’s result builds on the company’s success during calendar year 2020, during which Ready Capital had closed 192 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $545 million in funding.
“The market demand for the Freddie Mac SBL product continued to be elevated into the first quarter of 2021 with approximately $1.4 billion in permanent and small multifamily bridge financing requests, capping off a strong 2020 despite headwinds from the pandemic,” said Anuj Gupta, President of Commercial Real Estate Lending at Ready Capital. “Furthermore approximately 71% of our production to date meets the criteria for mission-driven, affordability housing, aligning us with the long-term goals of the Agencies.”
In addition to announcing the volume of transactions, Ready Capital also highlighted the geographic diversification of the deals closed by its national lending team. During the first quarter of 2021, the company funded a significant volume of transactions in California, Illinois, Texas, and Colorado and closed additional deals in 10 more states.
Premier Transactions
Ready Capital closed $164 million during the first quarter of 2021 and $545 million during 2020 in Freddie Mac SBL and small multifamily Bridge-to-Agency loans. Individual deals ranged in size from $1 million to $7.5 million with terms ranging from 1 years to 20 years. Average LTV for the Freddie Mac SBL loans was approximately 65.
Portfolio name | Number of deals in portfolio | Sum of balance (millions) | Notes |
Portfolio 1 | 12 | $40.0 | Cash Out Refinance
Partial IO, 7 Year term Southern California |
Portfolio 2 | 3 | $15.5 | Purchase
Amortizing, 10 Year term Chicago and suburbs |
Portfolio 3 | 2 | $4.4 | Cash Out Refinance
Partial IO, 10 Year term San Diego area |
Portfolio 4 | 2 | $2.4 | Purchase
Amortizing, 10 Year term San Diego area |
Portfolio 5 | 2 | $2.5 | Purchase and Cash Out Refinance
Amortizing, 10 Year term Greater Seattle |
Large Balance Deals | Balance (millions) | Notes |
Loan 1 | $5.0 | Purchase
Amortizing, 10 Year term Arizona, very small market |
Loan 2 | $4.2 | Purchase
Partial IO, 10 Year term Dallas area |
Loan 3 | $3.5 | Cash Out Refinance
Amortizing 7 Year term Portland, Oregon region |
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.