NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) — Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced new financing products following a successful merger with Broadmark Realty Capital which brought niche construction lending strengths to this blended offering.
The Small Balance Construction and Residential Finance program provides loans from $5 million to $20 million and includes the following project types: Development and construction financing for multifamily, Build-to-Rent (BTR), and lot development for residential developers.
These new products complement the existing Construction Lending program which provides capital solutions for projects up to $75 million, collateralized primarily by multifamily and industrial projects.
Read the entire press release: https://ir.readycapital.com/investor-relations/News/news-details/2023/Ready-Capital-Launches-Small-Balance-Construction-and-Residential-Finance-Products/default.aspx
