Bridge the financing gap

commercial bridge loans

At ReadyCap, we recognize our borrowers' ability to capitalize on unstabilized commercial investments through the use of short-term financing. Whether a property is empty, in need of rehab or simply under-performing or cash-flowing, ReadyCap delivers the commercial bridge financing you need to get the job done, close quickly, and maximize your return-on-investment. Available in major markets nationwide, our commercial bridge loans from $2,000,000 to $50,000,000 cover both commercial and multifamily properties in primary markets up to 5-year floating and fixed rate loans. 

Designed specifically to exceed the expectations of the experienced borrower with a clear exit strategy, the advantages of Ready Capital’s commercial bridge financing include:

  • Up to 5-year term
  • Property Types: Multifamily, Office, Retail, Industrial, Mixed-Use, Self-Storage, Student Housing, Hospitality, Residential and Commercial Condo, and Specialty Use 
  • Up to 80% of project cost. Structured solutions including higher leverage, mezzanine debt on  case-by-case basis 
  • Generally 300 bps to 500 bps over LIBOR Interest Rate
  • Floating rate, fixed rate and hybrid rate (floating / fixed rate combined structure) available
  • No DSCR Requirement. Partial or non-cash flowing assets
  • Interest only; amortization structured on a case-by-case basis
  • 1.00% origination fee / 0.50%+ exit fee / Extension fees of 0.25%+
  • Future advances include tenant improvement, leasing commissions and capital expenditures. Funded according to sponsor business plan, as needed
  • Earn-outs available on a case-by-case basis
  • Non-recourse except for bad-boy carve-outs; further guarantees may be required on a case-by-case basis
  • Freely pre-payable. Minimum interest may apply.

Our bridge loans provide a flexible financing option for:

  • Adaptive Re-use
  • Vacant Lease-ups
  • Renovation and stabilization
  • Multifamily
  • Foreclosure purchases
  • Discounted payoffs
  • Refinancing maturing loans
  • Properties that do not cash flow
  • Tenant improvement & leasing commission future funding
  • Foreign national borrower
  • Construction loan take-outs
  • Re-position of a property
  • Earn-outs
  • Rehabilitation financing 
  • Opportunistic purchases
  • Non-stabilized properties without historical financials

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  |  1320 Greenway Dr., Suite 560, Irving, TX 75038  |  888-354-0822  |  eFax: 844-402-1752  |  info@readycapcommercial.com

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California Finance Lender License #603K032
South Dakota Licensed Mortgage Lender ML.05088