1. No category

Ready Capital
Structured Finance
NATIONAL BRIDGE LENDING PARAMETERS
DESCRIPTION
Nationwide bridge lending platform targeting transitional, value-add
and event driven commercial and multifamily properties.
LOAN AMOUNT
Up to $25 million (larger on a case-by-case basis).
LOAN TERM
Generally, 1-3 years plus extensions; up to 5 years.
ASSET TYPES
ADVANCES
INTEREST RATE
DSCR
REQUIREMENT
AMORTIZATION
FEES
FUTURE
ADVANCES
EARN OUT
RECOURSE
PREPAYMENT
Core: multifamily, office, retail, industrial, mixed-use
Non-core: self-storage, student housing, hospitality, residential and
commercial condo, specialty use and land
Up to 80%.
Higher leverage subordinate debt considered on case-by-case basis.
Generally, 5.00% - 6.00%+ over LIBOR. Fixed rate available.
None. 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%+.
Tenant improvement, leasing commissions and capital expenditures.
Available on a case-by-case basis.
Non-recourse to Principals except for bad-boy carve-outs; further
guarantees may be required on a case-by-case basis.
Freely pre-payable. Minimum interest may apply.
CONTACT
DAVID A. COHEN
Managing Director
212-301-1883
dcohen@rclending.com
©2015, Ready Capital Structured Finance
JORDAN GOFORTH
Director
212-301-1884
jgoforth@rclending.com
READY CAPITAL STRUCTURED FINANCE
C/O Waterfall Asset Management
1140 Avenue of the Americas
New York, NY 10036