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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

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