Rates

As Low as 6.5%

As Low as 4.625%

As Low as 4.875%

As Low as 4.875%

$1 to $10 Million

$500k to $10 Million

$500k to $10 Million

$500k to $5 Million

SBA 504 - Purchase Only

2 & 3 Year Fixed

5, 7, 10, 30 Year Fixed

5, 7, 10, 30 Year Fixed

5, 7, 10, 30 Year Fixed 

Up to 80% Cost

Up to 80% Value

Up to 80% Value

Up to 90% Value

620 Min, 680 Average

620 Min, 680 Average

No Minimum FICO on Tier 1 Markets Only

620 Min, 680 Average

620 Min, 680 Average

Nonrecourse Available

Nonrecourse Available

Nonrecourse Available

Full Recourse

Step Down Prepay,
Flat Prepay, YM

Step Down Prepay, Flat Prepay, YM

Step Down Prepay, Flat Prepay, YM

Step Down Prepay, Flat Prepay, YM

N/A

1.20x

1.25x

1.20x Global

Interest Only

15/15, 20/20, 25/25, 30/30

15/15, 20/20, 25/25, 30/30

15/15, 20/20, and 25/25

1% Origination & 1% Exit Fee

$1500 Application Fee, Plus Appraisal & Any Third-Party Costs

1% Origination

$1500 Application Fee, Plus Appraisal & Any Third-Party Costs

1% Origination

$1500 Application Fee, Plus Appraisal & Any Third-Party Costs

1% Origination

$1500 Application Fee, Plus Appraisal & Any Third-Party Costs

Standard SBA Fees Apply to SBA 504 Only

Multifamily, Office, Retail, Industrial, Self Storage, Credit Tenants, Mixed Use

5+ Units

Office, Retail, Industrial, Self Storage, Credit Tenants, Mixed Use

Office, Retail, Industrial, Self Storage, Credit Tenants, Mixed Use

ReadyCap will not entertain the following loan types:  Gas Stations/Car Washes, Hotels/Motels, Inns/Bed & Breakfasts, Day Care (unless it is a tenant in a retail center and the space occupied by all ineligible types, including a day care, is less than 25% of the total property), K-12 Grade Schools, Rest Homes/Assisted Living Facilities/Overnight Stay Medical Facilities, Restaurants (unless it is a tenant in a retail center and the space occupied by ineligible types, including a restaurant, is less than 25% of the total property), Churches/Houses of Worship, Land, Prisons/Correctional Facilities, Marinas/Campgrounds/Bowling Alleys/Recreational Facilities, Timeshares/Co-ops, any properties where the owner lives on-site, or ground-up construction.