ReadyCap Commercial lends nationwide, targeting the Top 50 MSAs and considering the Top 100.
We offer flexibility on general structure including hold-backs and earn-outs, as well as on fees and prepay options.

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COMMERCIAL

MULTIFAMILY

MINI-PERM

BRIDGE

Property Types

Office, Retail, Industrial,
Self-Storage, Single Tenant,
Mixed Use

5+ Units

Multifamily, Office, Retail,
Industrial, Self-Storage,
Single Tenant, Mixed Use

Multifamily, Office, Retail,
Industrial, Self-Storage,
Single Tenant, Mixed Use

 

Rates*

From 5.00%

From 4.80%

From 5.25%

From 6.00% 

Loan Size

$750K to $10MM

$750K to $10MM 

$1MM to $10MM 

 $1MM to $10MM

Loan Purpose

Purchase, Refinance,
Cash Out

Purchase, Refinance,
Cash Out

Stabilization of Near-Term
Lease Expirations, Purchase,
Refinance, Limited Rehab/
Renovation

Purchase, Refinance,
Rehab/Renovation

 

Terms

5 Year Fixed
5 Year I/O Fixed
7 Year Fixed
10 Year Fixed
5 Year I/O + 5 Year Fixed

5 Year Fixed
5 Year I/O Fixed
7 Year Fixed
10 Year Fixed
5 Year I/O + 5 Year Fixed

2, 3 & 4 Year Fixed
2, 3 & 4 Year I/O Fixed

2 & 3 Year Fixed 

Leverage

Up to 75% of
Appraised Value

Up to 75% of
Appraised Value

Up to 75% of
Appraised Value

Up to 75% of Project Cost 

Recourse

Not Required

Not Required

Not Required

Not Required 

Prepayment

Step Down Prepay,
Flat Prepay,
Yield Maintenance

Step Down Prepay,
Flat Prepay,
Yield Maintenance

Step Down Prepay,
Yield Maintenance

12-33 Month
Yield Maintenance

 

Debt Service
Coverage

Min 1.25x (UW NOI)

Min 1.20x (UW NOI)

Min 1.20x (UW NOI)

 Varies

Amortization

Interest Only
15, 20, 25 & 30

Interest Only
15, 20, 25 & 30

Interest Only
15, 20, 25 & 30

 Interest Only

Origination &
Processing Fees

 

Par to 1% Origination Fee

Par to 1% Origination Fee

Par to 1% Origination Fee

& Up to 1% Exit Fee

1% Origination Fee
& 1% Exit Fee

 

$2000-$7500 Processing
Fee, Plus Expense Deposit
to Cover 3rd Party, Legal
& Out-of-Pocket Expenses

$2000-$7500 Processing
Fee, Plus Expense Deposit
to Cover 3rd Party, Legal
& Out-of-Pocket Expenses

$2000-$7500 Processing
Fee, Plus Expense Deposit
to Cover 3rd Party, Legal
& Out-of-Pocket Expenses

$2000-$7500 Processing
Fee, Plus Expense Deposit
to Cover 3rd Party, Legal
& Out-of-Pocket Expenses

*Rate dependent upon term, leverage, amortization, and prepayment penalty.