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:
10 Year Term
10 Year Term
“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.”
10 Year Term
Green Bay, WI
20 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.”
3 Year Term
3 Year Term
Ready Capital provides competitive programs to meet a wide range of borrower needs. Contact one of our loan professionals for more information.
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|
5, 7, 10 year fixed
20 year hybrid ARM with initial 5, 7, 10 year fixed
80% top and standard markets
70% small and very small markets (75% for acquisitions)
|Recourse||Non-recourse with standard carve our provisions required|
Step down prepay
|Debt Service Coverage||
1.20x top market
1.25x standard market
1.30x small market
1.40x very small market
Partial term interest only
Full term interest only may be available
Up to 30 years amortization
|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|
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|
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|
Up to 30 year amortization
Interest only available
Michael brings over 30 years of experience in commercial real estate and finance in his current role as Vice President for Ready Capital. Previously, Michael held commercial origination positions as SVP National Sales Manager for Silver Hill Financial, Vice President Commercial Loan Originations for Bayview Financial and President of SL Capital. Michael earned a Bachelor of Business Administration in Accounting from Hofstra University and a Master of Business Administration from Nova University.
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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