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.
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)
Interested in working with one of the fastest growing commercial mortgage REIT’s in the industry?
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