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ReadyCap Commercial Closes $4.5M Freddie Mac Small Balance Loan for Mixed-Use Property in Jersey City

An undisclosed borrower received $4.5 million in cash-out refinancing for a mixed-use property in Jersey City, N.J.

JERSEY CITY, N.J. — ReadyCap Commercial has arranged a $4.5 million Freddie Mac Small Business Loan for a mixed-use property located in Jersey City. The cash-out refinancing features a 20-year term with a 30-year amortization schedule. The name of the borrower was not released. John Drennan of ReadyCap Commercial executed the financing for the borrower.

Tuesday, October 10, 2017

Ready Capital Structured Finance Closes Four Non-Recourse Interest-Only Acquisition and Renovation Loans for $30.5 Million in Florida, Georgia, North Carolina and California

NEW YORK – October 3, 2017 – Ready Capital Structured Finance, (the “Company”) a nationwide commercial real estate bridge and mezzanine lender, today announced the closing of four non-recourse interest-only acquisition and renovation loans in Florida, Georgia, North Carolina and California for $30.5 million. 

Tuesday, October 3, 2017

Ready Capital Structured Finance Closes Six Non-Recourse Interest-Only Acquisition and Renovation Loans for $42.2 Million in Nevada, California, Texas and New York

NEW YORK – September 6, 2017 – Ready Capital Structured Finance, a nationwide commercial real estate bridge and mezzanine lender, announces the closing of six non-recourse interest-only acquisition and renovation loans in Nevada, California, Texas and New York totaling $42.2 million. 

Wednesday, September 6, 2017

Sutherland Asset Management Corporation Announces Pricing of Public Offering of Convertible Notes

NEW YORK, NY – August 4, 2017 – Sutherland Asset Management Corporation today announced that it priced an underwritten public offering of $100 million aggregate principal amount of its 7% Convertible Senior Notes due 2023.

Friday, August 4, 2017

Ready Capital Structured Finance Closes Five Non-Recourse Interest-Only Bridge Loans for $52 Million in Illinois, New York, Michigan, California and Missouri

NEW YORK – July 24, 2017 – Ready Capital Structured Finance, a nationwide commercial real estate bridge and mezzanine lender, announces the closing of five non-recourse loans in Illinois, New York, Michigan, California and Missouri totaling $52 million. 

Monday, July 24, 2017

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