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    Freddie Mac SBL

    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:

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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
    $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
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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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    $2,765,000
    Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    San Antonio, TX
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    $3,200,000
    Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Austin, TX
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    $3,450,000
    Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Balcones Heights, TX
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    $4,300,000
    Bridge-to-Freddie - Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Glendale, AZ
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    $5,765,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Olathe, KS
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    $6,000,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Shaker Heights, OH
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    $7,060,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Jeffersontown, KY
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    $7,060,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Jeffersontown, KY
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    $7,060,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Jeffersontown, KY
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    $8,100,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Jacksonville, FL
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    $8,360,000
    Refinance & Stabilization
    Bridge
    Multifamily
    Year Term
    Los Angeles, CA
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    $8,515,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Dallas, TX
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    $8,900,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Culver City, CA
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    $8,975,000
    Acquisition & Renovation
    Bridge
    Multifamily
    Year Term
    Fairfield, OH
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    $8,975,000
    Acquisition & Renovation
    Bridge
    Multifamily
    Year Term
    Hamilton, OH
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    $9,125,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Austin, TX
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    $9,190,000
    Refinance, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Brewster, MA
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    $9,450,000
    Recapitalization & Renovation
    Bridge
    Multifamily
    Year Term
    Dallas, TX
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    $10,110,000
    Acquisition & Stabilization
    Bridge
    Multifamily
    Year Term
    Tallahassee, FL
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    $10,680,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Des Plaines, IL
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    $11,150,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Tucson, AZ
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    $11,730,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Phoenix, AZ
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    $11,740,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Fort Worth, TX
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    $11,760,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Los Angeles, CA
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    $14,970,000
    Acquisition & Renovation
    Bridge
    Multifamily
    Year Term
    Seattle, WA
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    $14,970,000
    Acquisition & Renovation
    Bridge
    Multifamily
    Year Term
    Edmonds, WA
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    $15,000,000
    Acquisition, Conversion, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Birmingham, AL
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    $15,675,000
    Refinance, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    San Antonio, TX
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    $15,820,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Reno, NV
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    $16,800,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Portsmouth, VA
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    $17,440,000
    Acquisition & Renovation
    Bridge
    Multifamily
    Year Term
    Pittsburgh, PA
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    $17,440,000
    Acquisition & Renovation
    Bridge
    Multifamily
    Year Term
    Pittsburgh, PA
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    $17,930,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Little Rock, AR
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    $19,180,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Fort Worth, TX
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    $21,330,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Houston, TX
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    $21,550,000
    Acquisition, Renovation, & Stabilization
    Bridge
    Multifamily
    Year Term
    Phoenix, AZ
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    $23,390,000
    Acquisition & Stabilization
    Bridge
    Multifamily
    Year Term
    Dallas, 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 Director TX Russell Grigg Director FL Oliver Harris Vice President DC Kevin Leonard Vice President NC John DePasquale Vice President NY
    National Bridge Originations Team:
    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
    Ready Capital Corporation Announces Securitization of $768 Million in Bridge Loans
    08/18/2021

     Ready Capital Corporation Announces Securitization of $768 Million in Bridge Loans

    CRE CLO Securitization is the Company’s Largest Since 2005 Inception

     

    NEW YORK, April 1, 2021 — Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) announced the closing of a $629 million commercial mortgage collateralized loan obligation (“CRE CLO”) with the limited right to acquire all or part of $139 million in future funding participation interests. Moody’s Investors Service, Inc. (“Moody’s”) and Kroll Bond Rating Agency, LLC (“KBRA”) assigned a “Aaa(sf)” and “AAA(sf)” rating, respectively to the senior most certificates, with KBRA providing ratings to the remaining classes of the transaction.  With the closing of this CRE CLO, Ready Capital Mortgage Financing 2021-FL5, LLC (“RCMF 2021-FL5”), the Company has issued five CRE CLOs backed by $1.8 billion of collateral UPB.

    RCMF 2021-FL5 consists of 58 mortgage loans secured by 65 properties across the United States.  Approximately 74% of the loan balance in the portfolio represents loans that were originated after the onset of the pandemic in March 2020, with the remaining balance attributable to loans originated prior to that.  The portfolio includes mortgage loans primarily secured by multifamily and office properties across 16 states.

    “The Ready Capital team has had great momentum at the start of this year closing over $650 million in bridge loans during the first quarter,” said Anuj Gupta, President of Commercial Real Estate Lending at Ready Capital. “We were fortunate to re-emerge quickly with strength out of the pandemic, bringing multi-product financing solutions to our clients”

    The CRE CLO was arranged by a bank syndicate including J.P. Morgan as sole structuring agent and Deutsche Bank as co-lead manager with Piper Sandler as the co-manager.

     

    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 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 500 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

     

    SOURCE Ready Capital Corporation

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