Ready Capital
- Lisa Cappelletti
Executive Director, Commercial Real Estate
Bridge Loan | |
| Property Types | Industrial, Retail, Self-Storage |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $5,000,000 |
| Loan amount Maximum | $75,000,000 |
| Terms | 5 year |
| Lien Position | 1st |
| Updated as of | 2023-06-06 |
Bridge Loan | |
| Property Types | Hotel, Office, Retail |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $5,000,000 |
| Loan amount Maximum | $75,000,000 |
| Terms | 5 year |
| Lien Position | 1st |
| Updated as of | 2023-06-06 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Commercial Loan, Construction Loan, SBA Loan, Second Mortgage |
| Property Types | 2-4 Units, Gas Station, Hotel, Industrial, Land Entitled, Mixed use, Multi Family, Office, Retail, Self-Storage, SFR, Special-Use, Student Housing |
| Lendding Area | alabama, arizona, colorado, florida, georgia, idaho, illinois, kansas, kentucky, maryland, mississippi, missouri, montana, nevada, north-carolina, oregon, pennsylvania, south-carolina, tennessee, texas, utah, virginia, washington, washington-dc, west-virginia, wyoming |
| States Excluded | Hawaii |
| Loan amount Minimum | $3,000,000 |
| Loan amount Maximum | $75,000,000 |
| Points Minimum 1st TD | 1 |
| Terms | 5 years, 7 years, 10 years |
| Bridge Loan to Purchase | 75 |
| LTV Bridge Refi No Cash Out | 65 |
| LTV Bridge Refi Cash Out | 65 |
| LTV Bridge | 65 |
| LTC Construction | 80 |
| LTC Rehab | 80 |
| Personal Guarantee /Recourse Required | Personal Guarantee Not Required / Non-Recourse |
| Special Features | Blanket, Business Purpose Residential, Portfolio, Residential Subdivision |
| Percentage of Budget Financed - Rehab | 100 |
| LTC Percentage of Budget Financed | 100 |
Ready Capital (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans.
Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs over 600 professionals nationwide.
Ready Capital is located in New York, NY. They offer financing for Bridge Loans, Construction Loans, Commercial Loans, SBA Loans and Second Mortgages. The property type they primarily lend against is 2-4 Units, Gas Station, Hotel, Industrial, Land Entitled, Multi Family, Office, Retail, Self-Storage, SFR, Special-Use, Student Housing and Mixed use. Their minimum loan amount is $3,000,000. Their maximum loan amount is $75,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 5 years;7 years;10 years. Points charged are deal specific, but historically have charged a minimum of 1.
These descriptions are limited information and meant for general reference purposes.