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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 Managing Director TX Lisa Cappelletti Executive Director CA Craig Castaldi Vice President TX Eli Smith Vice President TX
    National Loan Originations Team:
    Joel Covington Director NY John Drennan Director NY Dan Gaylord Director TX Russell Grigg Director FL 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 Announces Strong Q1 Results for Freddie Mac Business
    08/18/2021

    Commercial Lender Builds on Outstanding 2020 Results

    Ready Capital announced strong results for its Freddie Mac Small Balance Loan (SBL) business during the first quarter, extending into 2021 the increased volume of deals seen by the company in 2020. During the first quarter of 2021, Ready Capital closed 62 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $164 million in funding, with a pipeline of over $225 million. The recent quarter’s result builds on the company’s success during calendar year 2020, during which Ready Capital had closed 192 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $545 million in funding.

    “The market demand for the Freddie Mac SBL product continued to be elevated into the first quarter of 2021 with approximately $1.4 billion in permanent and small multifamily bridge financing requests, capping off a strong 2020 despite headwinds from the pandemic,” said Anuj Gupta, President of Commercial Real Estate Lending at Ready Capital. “Furthermore approximately 71% of our production to date meets the criteria for mission-driven, affordability housing, aligning us with the long-term goals of the Agencies.”

    In addition to announcing the volume of transactions, Ready Capital also highlighted the geographic diversification of the deals closed by its national lending team. During the first quarter of 2021, the company funded a significant volume of transactions in California, Illinois, Texas, and Colorado and closed additional deals in 10 more states.

     

     

     

     

    Premier Transactions

    Ready Capital closed $164 million during the first quarter of 2021 and $545 million during 2020 in Freddie Mac SBL and small multifamily Bridge-to-Agency loans. Individual deals ranged in size from $1 million to $7.5 million with terms ranging from 1 years to 20 years. Average LTV for the Freddie Mac SBL loans was approximately 65.

    Portfolio name Number of deals in portfolio Sum of balance (millions) Notes
    Portfolio 1 12 $40.0 Cash Out Refinance

    Partial IO, 7 Year term

    Southern California
    Portfolio 2 3 $15.5 Purchase

    Amortizing, 10 Year term

    Chicago and suburbs
    Portfolio 3 2 $4.4 Cash Out Refinance

    Partial IO, 10 Year term

    San Diego area
    Portfolio 4 2 $2.4 Purchase

    Amortizing, 10 Year term

    San Diego area
    Portfolio 5 2 $2.5 Purchase and Cash Out Refinance

    Amortizing, 10 Year term

    Greater Seattle

     

     

    Large Balance Deals Balance (millions) Notes
    Loan 1 $5.0 Purchase

    Amortizing, 10 Year term

    Arizona, very small market
    Loan 2 $4.2 Purchase

    Partial IO, 10 Year term

    Dallas area
    Loan 3 $3.5 Cash Out Refinance

    Amortizing 7 Year term

    Portland, Oregon region
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