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    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 & client testimonials:

    image
    $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
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    $880,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Mooresville, NC

    “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
    $2,300,000
    Purchase
    Multifamily
    Multifamily
    7 Year Term
    Aurora, CO
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    $2,300,000
    Purchase
    Multifamily
    Multifamily
    2 Year Term
    Atlanta, GA
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    $2,800,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Colorado Spings , CO
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    $5,200,000
    Purchase
    Multifamily
    Multifamily
    1 Year Term
    Portland, OR
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    $1,000,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Baltimore, MD
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    $10,200,000
    Purchase
    Bridge
    Multifamily
    5 Year Term
    West Valley City , UT
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    $3,400,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Houston, TX
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    $6,100,000
    Purchase
    Fixed rate
    Multifamily
    3 Year Term
    Champaign, IL
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    $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
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    $38,900,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    San Antonio, TX
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    $25,800,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    San Antonio , TX
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    $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
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    $4,700,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    7 Year Term
    Seattle, WA
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    $1,550,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Phoenix, AZ
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    $3,525,000
    3525000
    Freddie SBL
    Multifamily
    20 Year Term
    Beaumont, TX
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    $2,440,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Beaumont, TX
    $1,500,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Opa-locka, FL
    $983,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Oakland Park, FL
    $1,350,000
    Purchase
    Bridge
    Multifamily
    1 Year Term
    Panama City, FL
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    $3,080,000
    Purchase
    Fixed rate
    Multifamily
    3 Year Term
    Fort Worth, TX
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    $1,705,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Tucson, AZ
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    $3,585,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Pryor, OK
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    $5,590,000
    Rate/Term Refinance
    Bridge
    Multifamily
    2 Year Term
    Houston, TX
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    $7,860,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Freeport, TX
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    $14,500,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Portland , OR
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    $28,300,000
    Purchase
    Bridge
    Multifamily
    3 Year Term
    Houston , TX
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    $3,322,500
    Rate/Term Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Lilburn, GA
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    $1,391,000
    Purchase
    Fixed rate
    Multifamily
    10 Year Term
    Various, GA
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    $2,150,000
    Purchase
    Bridge
    Multifamily
    2 Year Term
    Athens, GA
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    $2,677,000
    Purchase
    Bridge
    Multifamily
    2 Year Term
    Fort Lauderdale, FL
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    $2,625,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Portland, OR
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    $7,500,000
    Purchase
    Fixed rate
    Multifamily
    10 Year Term
    Oklahoma City, OK
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    $3,400,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    10 Year Term
    Bronx, NY
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    $3,500,000
    Cash-Out Refinance
    Fixed rate
    Multifamily
    5 Year Term
    Seattle, WA
    Criteria

    Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.

    Print
    Freddie SBL
    Property Types Multifamily with 5+ units
    Short term bridge to Freddie also available
    Rates Call for current rates
    Loan Size $1mm to $7.5mm
    Loan Purpose Purchase, refinance, cash out
    Terms 5, 7, 10 year fixed
    20 year hybrid ARM with initial 5, 7, 10 year fixed
    Leverage 80% top and standard markets
    70% small and very small markets (75% for acquisitions)
    Recourse Non-recourse with standard carve out provisions required
    Prepayment Step down prepay
    Yield maintenance
    Debt Service Coverage 1.20x top market
    1.25x standard market
    1.30x small market
    1.40x very small market
    Amortization Partial term interest only
    Full term interest only may be available
    Up to 30 years amortization
    Origination Par
    Print
    Fixed Rate
    Property Types Primarily office, retail, multifamily, self-storage and industrial
    Rates Competitive rates priced off of SWAPs
    Loan Size $750,000 to $20,000,000 primarily
    Loan Purpose Refinance, cash out & acquisition
    Terms Loan terms for 2 years to 10 years
    Can consider other terms on case-by-case basis
    Leverage Up to 80% in select markets
    Recourse Non-recourse with standard carveouts
    Prepayment Flexible
    Can offer yield maintenance, step-down and up to 20% UPB
    Can be repaid on a rolling 12 month basis without prepayment penalty
    Debt Service Coverage As low as 1.20x
    Amortization Up to 30 year amortization
    Interest only available
    Origination Par
    Michel Gilbert
    Irving, TX

    Michel Gilbert has over 25 years of commercial lending experience for Life Company, Banks, Specialty Finance, CMBS, and Agency platforms. In his current role Michel leads the Strategic Partners team which is dedicated to Freddie Mac Small Balance multifamily loans. This team also originates small balance commercial fixed rate and structured bridge loans. Prior to joining Ready Capital, Michel held positions as Managing Director-Partner with NRF Capital, Regional Director Washington Mutual Bank, and Investment Director at Principal Global Investors. Michel is a graduate of Iowa State University with a BBA in Finance.

    Specialties:
    • Multifamily
    • Bridge
    • Fixed rate
    Back
    See most recent transactions & client testimonials:
    image
    $2,800,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Colorado Spings , CO
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    $1,330,000
    Rate/Term Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Tempe, AZ
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    $1,600,000
    Purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Minneapolis, MN
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    $2,625,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Portland, OR
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    $1,700,000
    Purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Portland, OR
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    $3,331,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Austin, TX
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    $3,981,000
    Purchase
    Freddie SBL
    Multifamily
    7 Year Term
    Austin, TX
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    $6,000,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Dallas, TX
    $947,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Ridgewood , NY
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    $4,200,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Winnetka, CA
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    $3,200,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Van Nuys, CA
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    $3,175,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    North Hollywood, CA
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    $2,900,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Valley Village, CA
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    $2,450,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Los Angeles, CA
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    $2,325,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    North Hollywood, CA
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    $2,200,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Van Nuys, CA
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    $1,650,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    North Hollywood, CA
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    $1,500,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    North Hollywood, CA
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    $2,400,000
    Cash-Out Refinance
    Fixed rate
    Industrial
    10 Year Term
    Ontario, CA
    $1,400,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Leavenworth, KS
    $4,830,000
    purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Santa Ana, CA
    $2,260,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Los Angeles, CA
    $1,825,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Los Angeles, CA
    $2,470,000
    purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Fullerton, CA
    $3,600,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    10 Year Term
    Roseville, MN
    $1,465,000
    purchase
    Freddie SBL
    Multifamily
    20 Year Term
    Tucson, AZ
    $1,131,000
    purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Oklahoma City, OK
    $3,500,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Long Beach, CA
    $5,800,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Downey, CA
    $3,600,000
    Cash-Out Refinance
    Freddie SBL
    Multifamily
    20 Year Term
    Richland Hills, TX
    $1,100,000
    purchase
    Freddie SBL
    Multifamily
    20 Year Term
    San Pedro, CA
    $2,000,000
    purchase
    Freddie SBL
    Multifamily
    10 Year Term
    Arlington, TX
    NEWS
    • 2019
    • 2018
    • 2017
    • 2016
    Ready Capital Corporation Appoints Gary Taylor as Chief Operating Officer - 04/03/2019
    NEW YORK, April 3, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that Gary Taylor has been appointed Chief Operating Officer, effective April 2, 2019. "Gary brings to Ready Capital deep sector expertise across multiple asset classes incl ...
    Ready Capital and Owens Realty Mortgage Announce Completion of Merger - 03/29/2019
    New York, New York, March 29, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (“Ready Capital”) and Owens Realty Mortgage, Inc. (NYSE American: ORM) (“ORM”) jointly announced today that they have completed the previously announced merger pursuant to the terms of the Agreement and Plan of ...
    Ready Capital National Bridge Team Closes Over $100 Million in Four States - 03/25/2019
    NEW YORK – March 21, 2019 – Ready Capital National Bridge Originations Team announces the closing of acquisition, renovation, stabilization and lease-up loans for approximately $100 Million in four states. The San Antonio, TX loan is for the acquisition, renovation, and stabilization of a 392-unit, ...
    Ready Capital Corporation Announces Executive Transition - 03/12/2019
    READY CAPITAL CORPORATION ANNOUNCES EXECUTIVE TRANSITION - Andrew Ahlborn to Become Chief Financial Officer - - Rick Herbst to Retire - New York, NY – March 12, 2019 - Ready Capital Corporation (NYSE:RC) (“Ready Capital” or the “Company”) today announced the appointment of Andrew Ahlborn as Chief Fi ...
    RC 4Q18 Earnings Call Announcement - 03/05/2019
    READY CAPITAL CORPORATION ANNOUNCES FOURTH QUARTER 2018 EARNINGS RELEASE AND CONFERENCE CALL New York, New York, March 5, 2019 / PRNewswire / – Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its fourth quarter 2018 financial results after the New Y ...
    Ready Capital and Owens Realty Mortgage Announce Final Exchange Ratio For Proposed Merger - 02/25/2019
    Company Release - 2/22/2019 4:00 PM ET NEW YORK, NY / ACCESSWIRE / February 22, 2019 / Ready Capital Corporation (RC) ("Ready Capital") and Owens Realty Mortgage, Inc. (NYSE American: ORM) ("ORM") jointly announced today that they have determined the final exchange ratio in accordance with the terms ...
    < older 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.

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