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 & client testimonials:
Freddie SBL
Multifamily
10 Year Term
Portland, OR
Freddie SBL
Multifamily
10 Year Term
Hillside, IL
“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.”
“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
Green Bay, WI
Freddie SBL
Multifamily
20 Year Term
Indianapolis, IN
“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.”
Bridge
Multifamily
3 Year Term
Largo, FL
Fixed rate
Multifamily
3 Year Term
Peoria, AZ
Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.
| 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 our 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 |
| 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 |
- Vice President, Strategic Partnerships
- 469-706-0384
- brian.callom@readycapital.com
Brian is responsible for sourcing loan opportunities across Ready Capital’s three lending platforms; Fixed Rate, Bridge, and Multifamily, with a primary focus on growing and maintaining Freddie Mac SBL production relationships. Brian’s diverse background in commercial real estate spans 20-years and includes lending, dispositions, capital markets, asset management, and credit risk underwriting. Prior to joining Ready Capital, Brian held origination, dispositions, and credit roles at Goldman Sachs & Co, Wells Fargo Bank, Washington Mutual, and Leon Capital Group. Brian is a member of the Mortgage Bankers Association and The Real Estate Council, and actively participates in NAIOP, ICSC, and local market functions. Brian received a Bachelor of Science degree in Finance from American University in Washington, D.C.
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Multifamily
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Bridge
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Fixed rate
Fixed rate
Multifamily
10 Year Term
Oklahoma City, OK
Freddie SBL
Multifamily
10 Year Term
Columbus, OH
Freddie SBL
Multifamily
10 Year Term
Park Hills, KY
Freddie SBL
Multifamily
7 Year Term
Carrollton, TX
- 2018
- 2017
- 2016
Interested in working with one of the fastest growing commercial mortgage REIT’s in the industry?
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