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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$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
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$3,900,000
Cash-Out Refinance
Fixed rate
Retail
10 Year Term
Roswell, GA
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$1,900,000
Purchase
Fixed rate
Retail
10 Year Term
Parkville, MO
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$2,300,000
Cash-Out Refinance
Fixed rate
Retail
10 Year Term
Green Brook Twp., NJ
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$3,925,000
Cash-Out Refinance
Fixed rate
Office
5 Year Term
Los Angeles, CA
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$1,000,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Baltimore, MD
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$6,100,000
Purchase
Fixed rate
Multifamily
3 Year Term
Champaign, IL
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$5,800,000
Purchase
Fixed rate
Multifamily
3 Year Term
Normal, IL
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$20,100,000
Purchase
Fixed rate
Mixed Use
7 Year Term
Costa Mesa, CA
$2,300,000
Cash-Out Refinance
Fixed rate
Retail
10 Year Term
Green Brook Twp, NJ
$3,925,000
Cash-Out Refinance
Fixed rate
Office
5 Year Term
Los Angeles, CA
$1,012,500
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Baltimore, MD
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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
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
Kevin Leonard
Charlotte, NC

Kevin brings over 20 years of real estate experience to his current role. Kevin leads the Charlotte, NC office and is involved in originating, structuring, and pricing Fixed Rate, Multifamily, and Bridge loans for the firm.  Prior to joining Ready Capital Kevin held positions as President and Founder of ProClaim Medical Recovery, Inc., Managing Member and Founder of Newport Capital Partners, LLC, and Managing Member and Founder of Lucia Properties, LLC.  Kevin earned a BBA from the University of Georgia with a double major in finance and accounting.

Specialties:
  • Fixed rate
  • Bridge
  • Multifamily
See most recent transactions & client testimonials:
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$1,350,000
Purchase
Fixed rate
Retail
10 Year Term
Clermont, FL
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$2,400,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Lexington, NC
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$2,765,000
Purchase
Bridge
Industrial
2 Year Term
San Antonio, TX
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$5,587,500
purchase
Fixed rate
Retail
10 Year Term
Tempe, AZ
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$5,614,000
purchase
Freddie SBL
Multifamily
10 Year Term
Houston, TX
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$1,417,500
Rate/Term Refinance
Fixed rate
Office
10 Year Term
Lincolnwood, IL
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$3,184,000
purchase
Bridge
Multifamily
2 Year Term
Phoenix, AZ
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$2,421,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Greenville, SC
$1,490,000
purchase
Fixed rate
Industrial
10 Year Term
Houston, TX
NEWS
  • 2019
  • 2018
  • 2017
  • 2016
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, ...
Ready Capital Corporation Announces Executive Transition - 03/12/2019
READY CAPITAL CORPORATION ANNOUNCES EXECUTIVE TRANSITION - Andrew Ahlborn to Become Chief Financial Officer - - Rick Herbst to Retire - New York, NY – March 12, 2019 - Ready Capital Corporation (NYSE:RC) (“Ready Capital” or the “Company”) today announced the appointment of Andrew Ahlborn as Chief Fi ...
RC 4Q18 Earnings Call Announcement - 03/05/2019
READY CAPITAL CORPORATION ANNOUNCES FOURTH QUARTER 2018 EARNINGS RELEASE AND CONFERENCE CALL New York, New York, March 5, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its fourth quarter 2018 financial results after the New Y ...
Ready Capital and Owens Realty Mortgage Announce Final Exchange Ratio For Proposed Merger - 02/25/2019
Company Release - 2/22/2019 4:00 PM ET NEW YORK, NY / ACCESSWIRE / February 22, 2019 / Ready Capital Corporation (RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have determined the final exchange ratio in accordance with the terms ...
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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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