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:

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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

  • 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
John Drennan
Irving, TX

John brings over 15 years of commercial lending sales experience.  Previously, he held commercial loan origination positions as a Senior Loan Officer at Bank of the Internet and Imperial Capital Bank. John earned a Bachelor of Science in Business Administration from the School of Management at Boston University.

Specialties:
  • Fixed rate
  • Bridge
  • Multifamily
See most recent transactions & client testimonials:
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$2,025,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Gastonia, NC
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$3,945,000
Purchase
Freddie SBL
Multifamily
20 Year Term
San Antonio, TX
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$2,470,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Philadelphia , PA
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$1,900,000
Purchase
Fixed rate
Retail
10 Year Term
Parkville, MO
$2,300,000
Cash-Out Refinance
Fixed rate
Retail
10 Year Term
Green Brook Twp, NJ
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$1,000,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Bedford Hills, NY
$3,337,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Garland, TX
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$1,580,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Cheshire, CT
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$1,504,000
Rate/Term Refinance
Freddie SBL
Multifamily
20 Year Term
Downey, CA
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$3,400,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Bronx, NY
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$2,400,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Charlotte, NC
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$1,300,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Bradley Beach, NJ
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$1,237,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Hamden, CT
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$4,150,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Brooklyn, NY
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$1,100,000
purchase
Fixed rate
Retail
10 Year Term
Pensacola, FL
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$2,215,000
Rate/Term Refinance
Freddie SBL
Multifamily
20 Year Term
Brooklyn, NY
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$6,000,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Brooklyn, NY
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$930,000
Cash-Out Refinance
Fixed rate
Office
10 Year Term
Southampton, NY
$1,668,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Brooklyn, NY
$8,440,000
purchase
Fixed rate
Retail
10 Year Term
Boston, MA
$2,730,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Brooklyn, NY
$3,575,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
New York, NY
$1,140,000
purchase
Freddie SBL
Multifamily
20 Year Term
Brooklyn, NY
$5,370,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Brooklyn, NY
$2,013,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Brooklyn, NY
$1,565,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Ft. Lauderdale, FL
$5,128,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
New York, NY
NEWS
  • 2019
  • 2018
  • 2017
  • 2016
Ready Capital National Bridge Team Closes Over $270 Million in Eight States - 09/16/2019
NEW YORK, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $270 million in eight states. The Tampa, FL, loan provi ...
Ready Capital National Bridge Team Closes Over $100 Million in Four States - 06/06/2019
NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) -- Ready Capital National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $110 Million in five states. The Houston, TX loans for the ...
Ready Capital Corporation Announces First Quarter 2019 Earnings Release and Conference Call - 05/01/2019
NEW YORK, May 1, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its first quarter 2019 financial results after the New York Stock Exchange closes Wednesday, May 8, 2019. Webcast and Earnings Conference Call Management will host ...
Ready Capital Corporation Appoints Gary Taylor as Chief Operating Officer - 04/03/2019
NEW YORK, April 3, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that Gary Taylor has been appointed Chief Operating Officer, effective April 2, 2019. "Gary brings to Ready Capital deep sector expertise across multiple asset classes incl ...
Ready Capital and Owens Realty Mortgage Announce Completion of Merger - 03/29/2019
New York, New York, March 29, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (“Ready Capital”) and Owens Realty Mortgage, Inc. (NYSE American: ORM) (“ORM”) jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of ...
Ready Capital National Bridge Team Closes Over $100 Million in Four States - 03/25/2019
NEW YORK – March 21, 2019 – Ready Capital National Bridge Originations Team announces the closing of acquisition, renovation, stabilization and lease-up loans for approximately $100 Million in four states. The San Antonio, TX loan is for the acquisition, renovation, and stabilization of a 392-unit, ...
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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.

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