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    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.

    Print
    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
    Jeffery Bottoms
    Irving, TX

    Jeffrey has more than 30 years of experience in commercial real estate lending, with expertise in term, agency, CMBS, bridge, construction and mezzanine loans.  Jeff is part of the Strategic Partners Team focused on our many correspondent relationships. Jeff spent 18 years at Principal Financial Group, as an Investment Director. Jeff was also a Regional Director at Washington Mutual, a Partner at Timarron Capital and NRF Capital, a Vice President at Hudson Americas and Due Diligence Associate at Beal Bank. Jeff earned a B.A. from the University of Iowa.

    Specialties:
    • Fixed rate
    • Bridge
    Back
    See most recent transactions & client testimonials:
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    $3,900,000
    Cash-Out Refinance
    Fixed rate
    Retail
    10 Year Term
    Roswell, GA
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    $3,585,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Pryor, OK
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    $1,176,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Monroe, WA
    $1,180,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Bridgeport, CT
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    $1,200,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Bridgeport, CT
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    $1,100,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Bridgeport , CT
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    $4,550,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Lithonia, GA
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    $880,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Mooresville, NC
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    $4,500,000
    Cash-Out Refinance
    Fixed rate
    Retail
    5 Year Term
    Fairfax Station, VA
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    $2,800,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Orchard Park, NY
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    $2,000,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    7 Year Term
    Salt Lake City, UT
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    $1,160,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Richmond, VA
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    $1,800,000
    purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Ashland, MA
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    $2,000,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Ennis, TX
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    $1,125,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Oberlin, OH
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    $1,260,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Dallas, TX
    $1,426,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Fort Worth, TX
    $1,880,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Baldwin, NY
    $1,080,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Washington, DC
    $2,200,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    7 Year Term
    Cambridge, MA
    $3,650,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    5 Year Term
    Arlington, TX
    $1,045,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    7 Year Term
    Cambridge, MA
    $1,400,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Joshua, TX
    $1,671,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Plantsville, CT
    $2,100,000
    purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Framingham, MA
    $2,800,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Washington, DC
    $1,345,000
    purchase
    Freddie SBL
    Mixed Use
    10 Year Term
    Richmond, VA
    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.

    View Open Positions
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