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 & client testimonials:

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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
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$1,081,900
Purchase
Fixed rate
Retail
10 Year Term
Alpharetta, GA
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$1,350,000
Purchase
Fixed rate
Retail
10 Year Term
Clermont, FL
$2,452,500
Purchase
Fixed rate
Multifamily
10 Year Term
Springboro, OH
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$1,081,900
Purchase
Fixed rate
Retail
10 Year Term
Alpharetta, GA
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$1,260,000
Purchase
Fixed rate
Retail
10 Year Term
Grayson, GA
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$4,700,000
Cash-Out Refinance
Fixed rate
Multifamily
7 Year Term
Seattle, WA
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$10,000,000
Cash-Out Refinance
Fixed rate
Office
15 Year Term
Santa Monica, CA
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$3,200,000
Cash-Out Refinance
Fixed rate
Retail
10 Year Term
Santa Clarita, CA
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$3,080,000
Purchase
Fixed rate
Multifamily
3 Year Term
Fort Worth, TX
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$1,570,000
Purchase
Fixed rate
Multifamily
10 Year Term
Sellersburg, IN
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$3,500,000
Cash-Out Refinance
Fixed rate
Multifamily
5 Year Term
Seattle, WA
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$9,150,000
Rate/Term Refinance
Fixed rate
Mixed Use
10 Year Term
Surprise, AZ
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$31,500,000
Rate/Term Refinance
Fixed rate
Mixed Use
10 Year Term
Portfolio , Various States
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$2,400,000
Purchase
Fixed rate
Office
10 Year Term
Dallas, TX
CRITERIA

Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.

Fixed Rate
Property Types Primarily office, retail, multifamily, self-storage and industrial
Rates Competitive rates priced off of SWAPs
Loan Size $750,000 to $20,000,000 primarily
Loan Purpose Refinance, cash out & acquisition
Terms Loan terms for 2 years to 10 years
Can consider other terms on case-by-case basis
Leverage Up to 80% in select markets
Recourse Non-recourse with standard carveouts
Prepayment Flexible
Can offer yield maintenance, step-down and up to 20% UPB
Can be repaid on a rolling 12 month basis without prepayment penalty
Debt Service Coverage As low as 1.20x
Amortization Up to 30 year amortization
Interest only available
Origination Par
Russell Grigg
Atlanta, GA

Russell originates non-recourse Fixed Rate, Bridge, and Multifamily commercial real estate loans on various asset classes such as multifamily, retail, office, industrial, storage, hospitality, and mixed-use.  Russell has over 13 years of lending experience. Prior to joining the Ready Capital Commercial , Russell held loan originator positions with Community, Regional, and National Banks in Atlanta GA.   Russell earned a B.S. in Business as well as an M.B.A. from Troy University.

Specialties:
  • Fixed rate
  • Bridge
  • Multifamily
See most recent transactions & client testimonials:
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$1,081,900
Purchase
Fixed rate
Retail
10 Year Term
Alpharetta, GA
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$1,260,000
Purchase
Fixed rate
Retail
10 Year Term
Grayson, GA
$1,750,000
Rate/Term Refinance
Fixed rate
Retail
10 Year Term
Coral Gables, FL
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$3,322,500
Rate/Term Refinance
Fixed rate
Multifamily
10 Year Term
Lilburn, GA
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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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$2,150,000
Purchase
Bridge
Multifamily
2 Year Term
Athens, GA
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$2,677,000
Purchase
Bridge
Multifamily
2 Year Term
Fort Lauderdale, FL
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$6,300,000
purchase
Fixed rate
Self Storage
10 Year Term
Greenville, SC
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$3,300,000
purchase
Fixed rate
Office
10 Year Term
Various, GA
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$940,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Carrollton, GA
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$1,600,000
Cash out refinance
Freddie SBL
Multifamily
2 Year Term
Riverdale, CA
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$5,135,000
purchase
Fixed rate
Multifamily
10 Year Term
Kenedy, TX
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$2,500,000
purchase
Fixed rate
Industrial
10 Year Term
Atlanta, GA
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$1,800,000
purchase
Bridge
Multifamily
1 Year Term
Valdosta, GA
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$1,500,000
Cash-Out Refinance
Fixed rate
Office
10 Year Term
Snellville, GA
$2,050,000
purchase
Fixed rate
Retail
10 Year Term
Suwanee, GA
$1,250,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Columbus, OH
$5,150,000
purchase
Fixed rate
Multifamily
10 Year Term
Brookhaven, GA
$3,140,000
Cash-Out Refinance
Freddie SBL
Multifamily
5 Year Term
Atlanta, GA
$2,000,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Marietta, GA
$1,215,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Winder, GA
$2,137,000
purchase
Freddie SBL
Multifamily
20 Year Term
Athens, GA
NEWS
  • 2019
  • 2018
  • 2017
  • 2016
Ready Capital Corporation Announces Resignation of Chief Operating Officer, Carole Mortensen - 02/13/2019
Ready Capital Corporation Announces Resignation of Chief Operating Officer, Carole Mortensen Company Release - 2/12/2019 8:00 AM ET NEW YORK, Feb. 12, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that Carole Mortensen, Chief Operating O ...
Ready Capital National Bridge Team Closes Over 100 Million in Five States - 02/06/2019
NEW YORK, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Ready Capital National Bridge Originations Team announces the closing of acquisition, renovation, redevelopment and lease-up loans for approximately $100 Million in five states. The Charlotte, NC loan is to finance the acquisition, renovation, and lease-up ...
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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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