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
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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