Multifamily

OVERVIEW

Ready Capital is an approved Freddie Mac SBL Seller/Servicer, providing small balance loans from $1 million up to $7.5 million with both fixed- and hybrid- rate structures. We provide capital for acquisition, refinancing and cash-out requests, and take pride in delivering quick closings backed by flexibility and common-sense underwriting.

Check out our most recent transactions & client testimonials:

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$6,000,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Fresno, CA
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$1,330,000
Rate/Term Refinance
Freddie SBL
Multifamily
10 Year Term
Tempe, AZ
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$5,530,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Joplin, MO
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$2,485,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Joplin, MO
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$2,600,000
Cash-Out Refinance
Freddie SBL
Multifamily
7 Year Term
Charlotte, NC
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$1,460,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Jersey City, NJ
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$1,208,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Clarksville, IN
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$1,000,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Bedford Hills, NY
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$1,648,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
St. Louis, MO
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$1,038,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Dallas, TX

“The level of teamwork between the different departments is really superb. It’s nice to work with a lender where the synergy between the people who are involved in the loan work towards a common goal and where the flow of information internally enhances the loan process, not hinders it.”

- Darryl
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$3,981,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Austin, TX
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$2,300,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Tucson, AZ
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$2,800,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Woodland, CA
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$3,331,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Austin, TX
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$1,400,000
Purchase
Freddie SBL
Multifamily
10 Year Term
Jupiter, FL
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$1,237,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Hamden, CT
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$4,837,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Killeen, TX

“Overall, I had a great experience working with everyone on the Ready Capital team and was very impressed. My loan officer was quick to respond to any questions and the closing team was very efficient, given a tight schedule. It was a smooth process and I would definitely choose to work with Ready Capital again in the future.”

- Susan
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$4,550,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Lithonia, GA
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$2,400,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Lexington, NC
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$1,200,000
Purchase
Freddie SBL
Multifamily
10 Year Term
Red Bank, TN
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$880,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Mooresville, NC

“It’s been a pleasure working with Ready Capital on this new opportunity, and I would like to express my highest appreciation and respect to everyone who worked diligently with us to get our deal to closure.”

- Yahav
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$1,423,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Phoenix, AZ
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$1,300,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Bradley Beach, NJ
$7,500,000
Cash-Out Refinance
Freddie SBL
Multifamily
7 Year Term
Attleboro, MA
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$2,400,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Charlotte, NC
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$1,700,000
Purchase
Freddie SBL
Multifamily
20 Year Term
Portland, OR
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$1,660,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Brookfield, IL
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$1,600,000
Purchase
Freddie SBL
Multifamily
10 Year Term
Minneapolis, MN
$1,180,000
Purchase
Freddie SBL
Multifamily
10 Year Term
Bridgeport, CT
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$1,570,000
Purchase
Fixed rate
Multifamily
10 Year Term
Sellersburg, IN
$3,500,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Seattle, WA
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$2,040,000
Rate/Term Refinance
Freddie SBL
Multifamily
10 Year Term
Henderson, NV
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$1,225,000
Cash-Out Refinance
Freddie SBL
Mixed Use
10 Year Term
Fort Lauderdale, FL
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$1,504,000
Rate/Term Refinance
Freddie SBL
Multifamily
20 Year Term
Downey, CA
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$1,176,000
Rate/Term Refinance
Freddie SBL
Multifamily
20 Year Term
Monroe, WA
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$1,580,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Cheshire, CT
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$1,500,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Tualatin, OR
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$1,100,000
Purchase
Freddie SBL
Multifamily
10 Year Term
Bridgeport , CT
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$1,800,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Pataskala, OH
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$1,981,000
Rate/Term Refinance
Freddie SBL
Multifamily
10 Year Term
Portland, OR
$3,420,000
purchase
Freddie SBL
Multifamily
10 Year Term
Hillside, IL
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$3,500,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Green Bay, WI
$2,500,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Indianapolis, IN
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$4,700,000
Purchase
Bridge
Multifamily
3 Year Term
Los Angeles, CA
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$7,500,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
$2,300,000
Purchase
Multifamily
Multifamily
7 Year Term
Aurora, CO
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$2,300,000
Purchase
Multifamily
Multifamily
2 Year Term
Atlanta, GA
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$2,800,000
Purchase
Freddie SBL
Multifamily
20 Year Term
Colorado Spings , CO
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$5,200,000
Purchase
Multifamily
Multifamily
1 Year Term
Portland, OR
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$1,000,000
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Baltimore, MD
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$10,200,000
Purchase
Bridge
Multifamily
5 Year Term
West Valley City , UT
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$3,400,000
Purchase
Bridge
Multifamily
3 Year Term
Houston, TX
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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
$1,012,500
Cash-Out Refinance
Fixed rate
Multifamily
10 Year Term
Baltimore, MD
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$38,900,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio, TX
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$25,800,000
Purchase
Bridge
Multifamily
3 Year Term
San Antonio , TX
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$5,928,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Miami, FL
$2,452,500
Purchase
Fixed rate
Multifamily
10 Year Term
Springboro, OH
$3,337,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Garland, TX
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$4,700,000
Cash-Out Refinance
Fixed rate
Multifamily
7 Year Term
Seattle, WA
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$1,550,000
Rate/Term Refinance
Freddie SBL
Multifamily
20 Year Term
Phoenix, AZ
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$3,525,000
3525000
Freddie SBL
Multifamily
20 Year Term
Beaumont, TX
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$2,440,000
Purchase
Freddie SBL
Multifamily
20 Year Term
Beaumont, TX
$1,500,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Opa-locka, FL
$983,000
Cash-Out Refinance
Freddie SBL
Multifamily
10 Year Term
Oakland Park, FL
$1,350,000
Purchase
Bridge
Multifamily
1 Year Term
Panama City, FL
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$3,080,000
Purchase
Fixed rate
Multifamily
3 Year Term
Fort Worth, TX
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$1,705,000
Purchase
Freddie SBL
Multifamily
7 Year Term
Tucson, AZ
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$3,585,000
Cash-Out Refinance
Freddie SBL
Multifamily
20 Year Term
Pryor, OK
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$5,590,000
Rate/Term Refinance
Bridge
Multifamily
2 Year Term
Houston, TX
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$7,860,000
Purchase
Bridge
Multifamily
3 Year Term
Freeport, TX
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$14,500,000
Purchase
Bridge
Multifamily
3 Year Term
Portland , OR
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$28,300,000
Purchase
Bridge
Multifamily
3 Year Term
Houston , TX
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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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$2,150,000
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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$2,625,000
Purchase
Freddie SBL
Multifamily
20 Year Term
Portland, OR
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$7,500,000
Purchase
Fixed rate
Multifamily
10 Year Term
Oklahoma City, OK
Criteria

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

Freddie SBL
Property Types Multifamily with 5+ units
Short term bridge to Freddie also available
Rates Call for current rates
Loan Size $1mm to $7.5mm
Loan Purpose Purchase, refinance, cash out
Terms 5, 7, 10 year fixed
20 year hybrid ARM with initial 5, 7, 10 year fixed
Leverage 80% top and standard markets
70% small and very small markets (75% for acquisitions)
Recourse Non-recourse with standard carve out provisions required
Prepayment Step down prepay
Yield maintenance
Debt Service Coverage 1.20x top market
1.25x standard market
1.30x small market
1.40x very small market
Amortization Partial term interest only
Full term interest only may be available
Up to 30 years amortization
Origination Par
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
CONTACT

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.

Strategic Partnership Team:
National Loan Originations Team:
National Bridge Originations Team:
RC 4Q18 Earnings Call Announcement
07/27/2018

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 York Stock Exchange closes Tuesday, March 12, 2019.

Webcast and Earnings Conference Call

Management will host a webcast and conference call on Wednesday, March 13, 2019 at 8:30 am ET to provide a general business update and discuss the financial results for the quarter ended December 31, 2018.  The conference call can be accessed by dialing 877-407-0792 (domestic) or 201-689-8263 (international).

Webcast

The conference call will also be available in the Investor Relations section of the Company’s website at www.readycapital.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available on the Company’s website approximately two hours after the live call through March 27, 2019.  To access the replay, dial 844-512-2921 (domestic) or 412-317-6671 (international). The replay pin number is 13687449.

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 400 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact

Investor Relations
Ready Capital Corporation
212-257-4666

InvestorRelations@readycapital.com

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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