Search
Team member:

    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 and client testimonials:

    image
    $6,000,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Fresno, CA
    image
    $1,330,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Tempe, AZ
    image
    $5,530,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Joplin, MO
    image
    $2,485,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Joplin, MO
    image
    $2,600,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    7 Year Term
    Charlotte, NC
    image
    $1,460,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Jersey City, NJ
    image
    $1,208,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Clarksville, IN
    image
    $1,000,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Bedford Hills, NY
    image
    $1,648,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    St. Louis, MO
    image
    $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
    image
    $3,981,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Austin, TX
    image
    $2,300,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Tucson, AZ
    image
    $2,800,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Woodland, CA
    image
    $3,331,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Austin, TX
    image
    $1,400,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Jupiter, FL
    image
    $1,237,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Hamden, CT
    image
    $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
    image
    $4,550,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Lithonia, GA
    image
    $2,400,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Lexington, NC
    image
    $1,200,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Red Bank, TN
    $0



    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.”

    - Yahav
    image
    $1,423,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Phoenix, AZ
    image
    $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
    image
    $2,400,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Charlotte, NC
    image
    $1,700,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Portland, OR
    image
    $1,660,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Brookfield, IL
    image
    $1,600,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Minneapolis, MN
    $1,180,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Bridgeport, CT
    image
    $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
    image
    $2,040,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Henderson, NV
    image
    $1,225,000
    Cash-Out Refinance
    Freddie SBL
    Mixed Use
    10 Year Term
    Fort Lauderdale, FL
    image
    $1,504,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Downey, CA
    image
    $1,176,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Monroe, WA
    image
    $1,580,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Cheshire, CT
    image
    $1,500,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Tualatin, OR
    image
    $1,100,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Bridgeport , CT
    image
    $1,800,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Pataskala, OH
    image
    $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
    image
    $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
    image
    $3,000,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Hollywood, FL
    image
    $4,290,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Bensenville, IL
    image
    $1,680,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Oak Lawn, IL
    image
    $2,585,000
    Purchase
    Bridge
    Multifamily
    2 Year Term
    Decatur, GA
    $900,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Greensboro, NC
    image
    $1,800,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Newark, OH
    image
    $4,050,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Denver, CO
    image
    $1,800,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Denver, CO
    image
    $2,025,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Gastonia, NC
    image
    $3,945,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    San Antonio, TX
    image
    $2,470,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Philadelphia , PA
    $1,350,000
    Purchase
    Bridge
    Multifamily
    Year Term
    Minneapolis, MN
    image
    $4,700,000
    Purchase
    Bridge
    Multifamily
    2 Year Term
    Houston, TX
    image
    $1,400,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Paterson, NJ
    image
    $12,000,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Waxahachie, TX
    image
    $1,730,000
    Purchase
    Bridge
    Multifamily
    1 Year Term
    Bridgeport, CT
    image
    $3,512,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Rockford, IL
    image
    $4,700,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Los Angeles, CA
    image
    $7,500,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Houston, TX
    $2,300,000
    Purchase
    Multifamily
    Multifamily
    7 Year Term
    Aurora, CO
    image
    $2,300,000
    Purchase
    Multifamily
    Multifamily
    2 Year Term
    Atlanta, GA
    image
    $2,800,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Colorado Spings , CO
    image
    $5,200,000
    Purchase
    Multifamily
    Multifamily
    1 Year Term
    Portland, OR
    image
    $1,000,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Baltimore, MD
    image
    $10,200,000
    Purchase
    Bridge
    Multifamily
    5 Year Term
    West Valley City , UT
    image
    $3,400,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Houston, TX
    image
    $6,100,000
    Purchase
    Fixed rate
    Multifamily
    3 Year Term
    Champaign, IL
    image
    $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
    image
    $38,900,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    San Antonio, TX
    image
    $25,800,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    San Antonio , TX
    image
    $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
    image
    $4,700,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    7 Year Term
    Seattle, WA
    image
    $1,550,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Phoenix, AZ
    image
    $3,525,000
    3525000
    Freddie SBL
    Multifamily
    20 Year Term
    Beaumont, TX
    Criteria

    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

    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:
    Michel Gilbert Executive Director TX Jeffrey Bottoms Vice President TX Brian Callom Vice President TX Craig Castaldi Vice President TX Eli Smith Vice President TX
    National Loan Originations Team:
    Lisa Cappelletti Executive Director CA Joel Covington Director NY John Drennan Director NY Dan Gaylord Vice President TX Russell Grigg Vice President FL Oliver Harris Vice President DC Kevin Leonard Vice President NC John DePasquale Vice President NY
    National Bridge Originations Team:
    David A. Cohen Managing Director East Coast Jordan Goforth Executive Director West Coast Mark Blaha Director Midwest David Kwitman Director East Coast Fernando Mendez Director East Coast Alex Gursky Vice President East Coast
    Back to News
    San Francisco multi-housing lease up financed for $104M
    07/27/2018

    SAN FRANCISCO, March 2, 2021 – JLL Capital Markets announced today that it arranged the $104 million refinance of City Gardens, a recently developed multi-housing property located in San Francisco, California.

    JLL worked on behalf of the borrower, Panoramic Interests, to secure the three-year, floating-rate loan through Ready Capital.

    City Gardens consists of 200 two-, four- and five-bedroom micro-units, boasting strategic, efficient design. The property totals 152,445 square feet and features fully furnished bedrooms and living areas, expansive windows with beautiful city views, 9’ ceilings and was sustainably built; including high-efficiency lighting and plumbing, laminated heat resistant glass and energy recovery ventilation.

    Located at 333 12th St. in the Western Mission/SOMA neighborhood, City Gardens is positioned near many shopping and grocery options, including Costco and Trader Joe’s, and various dining, bars and cafes. Additionally, the property is nestled between two burgeoning areas, including Hayes Valley; a revitalized neighborhood filled with high-end boutiques and vibrant restaurants and watering holes; and the Design District; which features renowned designer and furnishing showrooms.

    The JLL Capital Markets team representing the borrower was led by Senior Managing Director Charles Halladay and Managing Directors Alex Witt and Jordan Angel, Associate Jonah Aelyon and Analyst Lauren Mezzanotte.

    Patrick Kennedy, CEO of Panoramic Interests, says, “Alex Witt, Jordan Angel and the JLL team did an amazing job in a challenging market. We were grateful to have them on our team.”

    “Panoramic Interests has built an extraordinary high-density multi-housing building uniquely positioned to capture San Francisco’s renter demand,” says Angel. “The San Francisco JLL Capital Markets team feels fortunate to have been able to partner with the Panoramic Interests team to secure a refinance with Ready Capital, allowing for the lease up of City Gardens. This was a great loan closing with a best in class developer and lender.”

    JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

    For more news, videos and research resources on JLL, please visit our newsroom.

    About JLL

    JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

    About Panoramic Interests

    Panoramic Interests has been building high-density infill development projects in the Bay Area since 1990. Its work in downtown Berkeley and San Francisco includes 15 projects, adding more than a 1,000 new units of housing, and 100,000 square feet of commercial space.

    From 1998-2004, Panoramic built seven new mixed-use apartment buildings in downtown Berkeley, becoming the largest private landlord of UC Berkeley students.  Equity Residential REIT purchased the portfolio in 2007, the largest real estate transaction in Berkeley’s history.

    About Ready Capital

    Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. The company lends on multi-housing and commercial real estate, delivering value-add bridge loans and fixed rate financings for stabilized assets. Ready Capital is a non-bank lender that has originated over $7 billion in commercial real estate loans nationwide. Ready Capital is an approved Freddie Mac Small Balance Loan (“SBL”) lender, an SBA Preferred Lender and provides residential mortgage lending through its wholly-owned subsidiary, GMFS Inc.  Headquartered in New York, New York, the Company employs over 400 lending professionals nationwide. The Company is externally managed and advised by Waterfall Asset Management, LLC.

    For more information: San Francisco multi-housing lease up financed for $104M (jll.com)

    Print
    Back to News
    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
    SUBMIT A REQUEST

    Connect with us and request a quote to see what product best fits your needs. A product representative will be in touch with you shortly.