Multifamily
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 and client testimonials:

Freddie SBL
Multifamily
7 Year Term
Fresno, CA

Freddie SBL
Multifamily
10 Year Term
Tempe, AZ

Freddie SBL
Multifamily
20 Year Term
Joplin, MO

Freddie SBL
Multifamily
20 Year Term
Joplin, MO

Freddie SBL
Multifamily
7 Year Term
Charlotte, NC

Freddie SBL
Multifamily
10 Year Term
Jersey City, NJ

Freddie SBL
Multifamily
10 Year Term
Clarksville, IN

Freddie SBL
Multifamily
20 Year Term
Bedford Hills, NY

Freddie SBL
Multifamily
10 Year Term
St. Louis, MO

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.”

Freddie SBL
Multifamily
7 Year Term
Austin, TX

Freddie SBL
Multifamily
7 Year Term
Tucson, AZ

Freddie SBL
Multifamily
20 Year Term
Woodland, CA

Freddie SBL
Multifamily
7 Year Term
Austin, TX

Freddie SBL
Multifamily
10 Year Term
Jupiter, FL

Freddie SBL
Multifamily
10 Year Term
Hamden, CT

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.”

Freddie SBL
Multifamily
10 Year Term
Lithonia, GA

Freddie SBL
Multifamily
7 Year Term
Lexington, NC

Freddie SBL
Multifamily
10 Year Term
Red Bank, TN
Year Term
,
“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.”

Freddie SBL
Multifamily
20 Year Term
Phoenix, AZ

Freddie SBL
Multifamily
20 Year Term
Bradley Beach, NJ
Freddie SBL
Multifamily
7 Year Term
Attleboro, MA

Freddie SBL
Multifamily
20 Year Term
Charlotte, NC

Freddie SBL
Multifamily
20 Year Term
Portland, OR

Freddie SBL
Multifamily
10 Year Term
Brookfield, IL

Freddie SBL
Multifamily
10 Year Term
Minneapolis, MN
Freddie SBL
Multifamily
10 Year Term
Bridgeport, CT

Fixed rate
Multifamily
10 Year Term
Sellersburg, IN
Freddie SBL
Multifamily
20 Year Term
Seattle, WA

Freddie SBL
Multifamily
10 Year Term
Henderson, NV

Freddie SBL
Mixed Use
10 Year Term
Fort Lauderdale, FL

Freddie SBL
Multifamily
20 Year Term
Downey, CA

Freddie SBL
Multifamily
20 Year Term
Monroe, WA

Freddie SBL
Multifamily
10 Year Term
Cheshire, CT

Freddie SBL
Multifamily
20 Year Term
Tualatin, OR

Freddie SBL
Multifamily
10 Year Term
Bridgeport , CT

Freddie SBL
Multifamily
10 Year Term
Pataskala, OH

Freddie SBL
Multifamily
10 Year Term
Portland, OR
Freddie SBL
Multifamily
10 Year Term
Hillside, IL

Freddie SBL
Multifamily
10 Year Term
Green Bay, WI
Freddie SBL
Multifamily
20 Year Term
Indianapolis, IN

Freddie SBL
Multifamily
20 Year Term
Hollywood, FL

Freddie SBL
Multifamily
10 Year Term
Bensenville, IL

Freddie SBL
Multifamily
10 Year Term
Oak Lawn, IL

Bridge
Multifamily
2 Year Term
Decatur, GA
Fixed rate
Multifamily
10 Year Term
Greensboro, NC

Freddie SBL
Multifamily
10 Year Term
Newark, OH

Freddie SBL
Multifamily
20 Year Term
Denver, CO

Freddie SBL
Multifamily
20 Year Term
Denver, CO

Freddie SBL
Multifamily
10 Year Term
Gastonia, NC

Freddie SBL
Multifamily
20 Year Term
San Antonio, TX

Freddie SBL
Multifamily
20 Year Term
Philadelphia , PA
Bridge
Multifamily
Year Term
Minneapolis, MN

Bridge
Multifamily
2 Year Term
Houston, TX

Fixed rate
Multifamily
10 Year Term
Paterson, NJ

Fixed rate
Multifamily
10 Year Term
Waxahachie, TX

Bridge
Multifamily
1 Year Term
Bridgeport, CT

Freddie SBL
Multifamily
10 Year Term
Rockford, IL

Bridge
Multifamily
3 Year Term
Los Angeles, CA

Bridge
Multifamily
3 Year Term
Houston, TX
Multifamily
Multifamily
7 Year Term
Aurora, CO

Multifamily
Multifamily
2 Year Term
Atlanta, GA

Freddie SBL
Multifamily
20 Year Term
Colorado Spings , CO

Multifamily
Multifamily
1 Year Term
Portland, OR

Fixed rate
Multifamily
10 Year Term
Baltimore, MD

Bridge
Multifamily
5 Year Term
West Valley City , UT

Bridge
Multifamily
3 Year Term
Houston, TX

Fixed rate
Multifamily
3 Year Term
Champaign, IL

Fixed rate
Multifamily
3 Year Term
Normal, IL
Fixed rate
Multifamily
10 Year Term
Baltimore, MD

Bridge
Multifamily
3 Year Term
San Antonio, TX

Bridge
Multifamily
3 Year Term
San Antonio , TX

Freddie SBL
Multifamily
10 Year Term
Miami, FL
Fixed rate
Multifamily
10 Year Term
Springboro, OH
Freddie SBL
Multifamily
20 Year Term
Garland, TX

Fixed rate
Multifamily
7 Year Term
Seattle, WA

Freddie SBL
Multifamily
20 Year Term
Phoenix, AZ

Freddie SBL
Multifamily
20 Year Term
Beaumont, TX
PRODUCT OVERVIEW
- Stabilized properties
- High broker payouts
- Borrower rebates
- Loan Size: up to 80% loan-to-value
- Products: Fixed five, seven, 10 year, hybrid 20 year with fixed five, seven, 10 year
- Amortization: up to 30 years
- Prepayment: step down prepay and yield maintenance
- Short term fixed and floating bridge-to-agency loans
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.
NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) — Ready Capital’s National Bridge Originations Team announces the closing of acquisition, refinance, renovation and redevelopment loans for approximately $225 million in 11 states between September 2020 and December 2020.
In October, Ready Capital closed the financing for the acquisition, renovation, and lease-up of an approximately 260,000 SF, Class B, industrial property in the South Windsor submarket of the Hartford, CT MSA. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and subsequently lease-up to market occupancy and at market rents. Improvements include drywall partitioning, painting, sealing/striping of the parking lot, roof repairs, landscaping, and more. Ready Capital closed the $4.7MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest shortfalls.
In October, Ready Capital closed the financing for the acquisition, renovation, and lease-up of an approximately 85,000 SF, Class B, office property in the Upland/Montclair submarket of the Los Angeles MSA. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and subsequently lease-up to market occupancy and at market rents. Improvements include new roofing, upgraded HVAC systems, build-out of rent-ready spec suites, and more. Ready Capital closed the $10.1MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, and is inclusive of a facility to provide future funding for capital expenditures and tenant leasing costs.
In November, Ready Capital closed the financing for the acquisition, renovation, and lease-up of an approximately 50,000 SF, Class B, office property in the Alameda submarket of the Oakland/East Bay MSA. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and subsequently lease-up to market occupancy and at market rents. Improvements include interior demolition, exterior painting, HVAC replacement, landscaping, and more. Ready Capital closed the $14.4MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest and carry shortfalls.
In November, Ready Capital closed the financing for the acquisition, renovation, and stabilization of an 80-unit, Class C, multifamily property in the Paradise Valley submarket of Phoenix, AZ. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and mark rents to market. Capital improvements include the installation of washers and dryers, vinyl flooring, LED lighting, upgraded appliances and countertops, and more. Ready Capital closed the $7.8MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures and interest shortfalls.
In November, Ready Capital closed the financing for the acquisition, repositioning, and lease-up of an approximately 45,000 SF, Class B, two-property, office/flex portfolio in the Central Boulder submarket of Boulder, CO. Upon acquisition, the sponsor will reposition the buildings from single-story flex/office to Class A creative office/life science space. The repositioned buildings will feature high ceilings, ample parking, and will meet Boulder’s new energy code and allow for new MEP systems for a healthy office building in a post COVID-19 era. Ready Capital closed the $13.3MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest shortfalls.
In November, Ready Capital closed the financing for the acquisition, build-out, and stabilization of an approximately 160,000 SF, Class B, pre-leased cold-storage facility in the suburban Salt Lake City community of Clearfield, UT. Upon acquisition, the sponsor will work with the pre-leased tenant to execute on the tenant improvement plan prior to occupancy. Improvements include roof repairs, refrigeration and other temperature-controlled build-outs, lighting upgrades, asphalt repairs, and more. Ready Capital closed the $8.5MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for tenant improvements and interest shortfalls.
In November, Ready Capital closed the financing for the acquisition, renovation, deconversion, and stabilization of a 176-unit, Class B, fractured condominium property in the Town N’ Country submarket of Tampa, FL. At close, the sponsor will acquire 110 of 176 units and buyout additional units. The sponsor will implement a capital improvement plan to upgrade the property and mark rents to market. Capital improvements include upgraded countertops, appliances, lighting, roof repairs, landscaping, amenity improvements, painting, and more. Ready Capital closed the $12.0MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures and additional condominium unit buyouts.
In November, Ready Capital closed the refinancing for the renovation and lease-up of an approximately 45,000 SF, three-property, office portfolio in the West Los Angeles submarket of Los Angeles, CA. The loan proceeds will be used to reposition the buildings into a high-quality, creative office campus. Ready Capital closed the $25.2MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide additional funding for capital improvements, tenant leasing costs, and interest and carry shortfalls.
In December, Ready Capital closed the financing for the acquisition, renovation, and stabilization of an approximately 640,000 SF, Class A, industrial property in the 385 Corridor submarket of Memphis, TN. Upon acquisition, the sponsor will either blend-and-extend the existing single-tenant lease or bring the property to market upon the single-tenant’s lease expiration. Ready Capital closed the $18.9MM, non-recourse, interest only, floating rate loan which features a 48-month term, one extension option, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest and carry shortfalls.
In December, Ready Capital closed the financing for the acquisition, renovation, and lease-up of an approximately 280,000 SF, Class B, two-property, industrial portfolio in the Airport submarket of Memphis, TN. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the properties and subsequently lease-up the portfolio to market occupancy and at market rents. Improvements include upgraded lighting, roof replacements, parking lot repairs, and more. Ready Capital closed the $5.0MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest shortfalls.
In December, Ready Capital closed the financing for the acquisition, renovation, and stabilization of an 85-unit, Class C, two-property, multifamily portfolio in the Paradise Valley submarket of Phoenix, AZ. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and mark rents to market. Capital improvements include the installation of washers and dryers, vinyl flooring, LED lighting, upgraded appliances and countertops, and more. Ready Capital closed the $8.0MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures and interest shortfalls.
In December, Ready Capital closed the financing for the acquisition, renovation, and lease-up of an approximately 320,000 SF, Class B, industrial property in the I-385 Corridor of Greenville, SC. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and subsequently lease-up to market occupancy and at market rents. Improvements include roof and HVAC repairs, improved lighting, sprinkler system upgrades, fresh paint, and more. Ready Capital closed the $9.7MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest and operating shortfalls.
In December, Ready Capital closed the refinancing for the renovation and stabilization of an approximately 20,000 SF, four-property, mixed-use (multifamily/retail) portfolio in the Central Queens submarket of the New York, NY MSA. The loan proceeds will be used to retire existing debt and renovate the existing multifamily units. An earnout will be made available upon the property achieving a pre-determined performance threshold. Ready Capital closed the $9.5MM, non-recourse, interest only, floating rate loan which features a 24-month term, one extension option, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures.
In December, Ready Capital closed the refinancing for the renovation and lease-up of an approximately 120,000 SF, Class A, office property in the Annapolis submarket of the Baltimore, MD MSA. The loan proceeds will be used to retire existing debt, execute a tenant improvement plan, and fund light capital improvements. Ready Capital closed the $19.8MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest shortfalls.
In December, Ready Capital closed the financing for the acquisition, repositioning, and lease-up of an approximately 24,000 SF, Class B, office/flex property in the Embarcadero submarket of Palo Alto, CA. Upon acquisition, the sponsor will reposition the property from single-story office/flex to a boutique life science office and subsequently lease-up the property to market occupancy and at market rents. The repositioned property will feature a new façade and common area, fresh paint, flooring, and more. Ready Capital closed the $15.0MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest and carry shortfalls.
In December, Ready Capital closed the financing for the acquisition, renovation, and lease-up of an approximately 210,000 SF, Class B, industrial property in the Airport District submarket of the Detroit, MI MSA. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and subsequently lease-up to market occupancy and at market rents. Improvements include interior and exterior painting, upgrades to lighting, flooring, and HVAC. Ready Capital closed the $6.4MM, non-recourse, interest only, floating rate loan which features a 24-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures, tenant leasing costs, and interest shortfalls.
In December, Ready Capital closed the financing for the acquisition, renovation, and stabilization of a 330-unit, Class C (Class B as-complete), multifamily property in the Rochester Hills suburb of Detroit, MI. Upon acquisition, the sponsor will implement a capital improvement plan to upgrade the property and mark rents to market. Capital improvements include kitchen and bathroom renovations, flooring upgrades, as well as other common area and amenity upgrades. Ready Capital closed the $36.0MM, non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, flexible prepayment, and is inclusive of a facility to provide future funding for capital expenditures and interest shortfalls.
For more information, contact:
David A. Cohen, david.cohen@readycapital.com
Managing Director – National Bridge Originations
About Ready Capital:
Ready Capital (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Our National Bridge Originations Team offers nonrecourse financing on transitional, value-add and event-driven commercial and multifamily real estate opportunities. Ready Capital is a direct lender that provides comprehensive financing solutions to real estate owners, investors and small business owners, which generally range in original principal amounts between $2 – $45 million and larger for select assets and portfolios.
This press release contains statements that constitute “forward-looking statements,” as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; the Company can give no assurance that its expectations will be attained. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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