Business Details
15 Years
experience
Your Trusted Commercial Real Estate & Small Business Lending Partner
We are Ready Capital, a multi-strategy real estate finance company that has been providing innovative lending solutions since 2011. Our expertise spans commercial real estate financing through products like bridge loans, construction financing, and Freddie Mac SBL programs, as well as small business lending through our top-tier SBA 7(a) and USDA loan programs. With a proven track record of over $35 billion in loan originations, we've built a national presence across the United States, supported by a team of experienced finance professionals. Our conservative approach to credit and focus on high conviction sectors enables us to deliver reliable financing solutions to businesses and real estate investors nationwide.Through strategic acquisitions and a commitment to technological innovation like our iBusiness platform, we've created a comprehensive lending ecosystem that offers seamless transitions between loan products throughout the real estate lifecycle. As the #1 non-bank and #4 overall SBA 7(a) lender in the country, we specialize in working with businesses that traditional banks might overlook, providing crucial capital to support growth and development. Our unique corporate structure as a publicly traded mortgage REIT listed on the NYSE under RC provides the stability and resources needed to execute complex transactions while maintaining liquidity for our investors.
Services
Commercial Bridge Loans
Multifamily Bridge Loans
Freddie Mac SBL Loans
Construction Loans
Affordable Multifamily Loans
SBA 7(a) Loans
USDA Loans
Alternative Lending Solutions
Details
- Year established: 2011
Highlights and features
- We have 13 years of experience in commercial real estate and small business lending
- We are a top 5 Freddie Mac SBL lender
- We are the #1 non-bank and #4 overall SBA 7(a) lender
- We offer nationwide lending services with a local presence in major markets
- We provide comprehensive financing solutions from $350,000 to $100+ million
Associations and certifications
- SBA Preferred Lender
Services
Commercial Bridge Loans
We offer commercial bridge loans for core and non-core assets up to $75 million. Our CRE bridge financing provides transitional capital for real estate investors needing short-term funding solutions while stabilizing properties. Our program supports diverse asset classes and geographic markets across the United States.
Multifamily Bridge Loans
Our multifamily bridge loan program provides financing for partial and non-cash flowing assets up to $75 million. This program focuses on apartment buildings and multifamily housing complexes needing capital for renovations, stabilization, or transition to permanent financing.
Freddie Mac SBL Loans
We provide Freddie Mac Small Balance Loans (SBL) for multifamily properties up to $7.5 million. This program offers agency financing solutions for smaller multifamily properties, with larger amounts available for loan portfolios. Our SBL program includes bridge-to-agency options.
Construction Loans
Our construction loan program finances ground-up development of multifamily, build-to-rent (BTR), and industrial assets from $5 million to $75 million. We also offer financing for single-family rental (SFR) developments from $5 million to $30 million across the United States.
SBA 7(a) Loans
We offer SBA 7(a) loans for small businesses nationwide with loan amounts up to $5 million. As the #1 non-bank and #4 overall SBA lender in the country, we provide financing for debt refinancing, real estate purchases, new construction, working capital, and business acquisitions.
People
David A. Cohen
Chief Production Officer, Co-Head of Bridge
David A. Cohen leads our bridge loan production as Chief Production Officer and Co-Head of Bridge, bringing extensive experience in real estate finance to our lending platform.
Alex Ovalle
Head of Construction
Alex Ovalle serves as our Head of Construction financing, overseeing our development loan programs for multifamily, industrial, and single-family rental properties across the United States.
Jordan Goforth
Managing Director
Jordan Goforth operates as Managing Director in our Austin office, specializing in commercial real estate financing solutions and client relationship management.
Michel Gilbert
Managing Director
Michel Gilbert serves as Managing Director in our Dallas office, providing expertise in commercial real estate financing and leading relationship management efforts in this key market.
Molly Rutzick
Senior Vice President
Molly Rutzick leads our affordable multifamily lending initiatives as Senior Vice President in our Minneapolis office, focusing on financing for affordable housing developments.
Questions
What types of loans does Ready Capital offer?
Ready Capital offers commercial real estate loans including bridge loans, construction financing, and Freddie Mac SBL loans, as well as SBA 7(a) and USDA small business loans.
What is the loan amount range for Ready Capital's programs?
Loan amounts range from $350,000 for small business loans up to $100+ million for large commercial real estate transactions.
In which states does Ready Capital operate?
Ready Capital operates nationwide with offices in New York, New Jersey, California, Florida, Arizona, and additional satellite locations across the United States.
How experienced is Ready Capital in commercial real estate financing?
With over $35 billion in loan originations since 2011, Ready Capital brings extensive experience to commercial real estate investors across the United States.
What makes Ready Capital different from traditional lenders?
As the #1 non-bank SBA 7(a) lender, Ready Capital offers flexible financing solutions for deals traditional banks might decline, with a focus on small businesses and CRE investors.
How quickly can I get approved for a Ready Capital loan?
We offer fast and reliable loan reviews through our experienced underwriting teams, with commitments made and closed according to original terms.
Reviews (7)
Ah Productions
Aug 23, 2021
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Christina B. and Terryann at Ready Capital have been very helpful and professional resolving SBA issues with PPP loans, saving lots of time and frustration of trying to get things fixed.
Katrina Gray-Johnson
Jun 28, 2021
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This company misrepresented themselves. I tried every since 2/21. I had a DocuSign and the information authentication questions were incorrect. I sent my picture ID and proof of correct answer. I called the company today and was told no more money but, I had an SBA # for my loan. Which means money was set aside for me. I was hung on twice and a supervisor was denied me. So you have my information to give to someone else. Because every since I have been receiving calls pretending to be from the social security office saying people are using my information fraudulently. They sent me an contract
Dan Schultz
May 27, 2021
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Don't use this bank !!!This has been and continues to be the worst experience in my 30+ years of being in business. I've been waiting for Ready Capital to process my 2nd round PPP for over 6 weeks. My business is more than qualified since I was shut down for 4 months by my governor. I've tried 25+ e-mails with an auto reply that their working on it . I also called 30+ times to speak to someone about this and you can only call a foreign help desk that either can only tell you that it is still processing or they hang up on you when you ask for a supervisor. Now the PPP is out of money and they still
BabyQ Mv La Diva
May 20, 2021
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Worst companny to do business with. I was aproved by SBA PPP Loan and Signed all my documents and I still haven' t receive the Fund. I don' t know why Ready Capital Take so long to fund the money. I spoke with the SBA and they told me that I should have the fund already. Becareful with this companny. I will never do business with them, also they have no comunications at all.
J. Consumer
Apr 30, 2021
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Horrible experience with Ready Capital on PPP loan. The first time was smooth and I got funded through them. The second time they told me I had an SBA "Error" but another company got me through! They were too proud to admit their mistake.Stay away from them!
Paul C.
Apr 29, 2021
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Our second draw of PPP was approved by the SBA and by Ready Capital. They sent me a DocuSign form asking for my bank account info for the transfer to be made. Though we passed the security questions, it showed that we did not pass and we were locked out. After numerous calls to customer service reps, our application was bounced back to being "under review" and then later "closed" due to "unresponsive action"-- all while we were desperately calling and emailing to get this resolved. We would often wait on hold for as long as an hour waiting to speak with a rep.
Golden Eagle Enterprises
Apr 19, 2021
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This has been nothing but frustrating. As per other reviews, there is no personal communication. I get no return calls and nothing but automated emails. I have been on this merry go round for my PPP loan for at least 3 weeks and have over 50 email communications, mostly automated. I was approved quickly and told the money was reserved. Since then I have been told documents were sent 4 times. I still have not been able to sign and have been asked for the same documents I sent in some cases twice.
