Business Details
15 Years
experience
Your Trusted Partner for Commercial Real Estate and SBA Loan Solutions
Ready Capital is a leading commercial real estate finance company dedicated to providing innovative lending solutions across the United States. Since our founding in 2011, we have built a reputation for excellence through our expertise in originating, acquiring, and managing commercial real estate loans and small business financing programs. As a publicly traded mortgage REIT on the NYSE, we combine institutional strength with personalized service to meet the diverse needs of borrowers and investors. Our conservative credit approach focuses on high-conviction sectors, superior markets, and strong sponsors, ensuring reliable execution across economic cycles. With over $35 billion in loan originations since inception and a team of 350 professionals, we maintain a national presence through offices in key financial hubs. Our acquisition strategy has strengthened our platform through strategic mergers, including Broadmark Realty Capital and Funding Circle US, enhancing our capabilities in CRE and small business lending.As the #1 non-bank and #4 overall SBA 7(a) lender, we specialize in serving businesses that traditional lenders may overlook. Our Freddie Mac Small Balance Loans program positions us as a top 5 lender nationally, while our USDA loan initiatives address underserved rural markets. Through Waterfall Asset Management, our external manager since 2005, we leverage 15+ years of experience in asset-based finance across 60+ sectors to deliver compelling risk/return profiles. Our commitment to transparency, proven underwriting processes, and technology-driven solutions ensure clients receive efficient, reliable financing tailored to their specific needs.
Services
Commercial Bridge Loans
Multifamily Bridge Loans
SBA 7(a) Loans
Construction Loans
Freddie Mac SBL
Affordable Multifamily Loans
USDA Loans
Note-on-Note Financing
Details
- Year established: 2011
Highlights and features
- We are the #1 non-bank and #4 overall SBA 7(a) lender nationwide.
- Our platform has originated over $35 billion in loans since inception.
- We maintain a proven 24/7 underwriting process for fast loan approvals.
- Our team includes 350 professionals with expertise across 60+ finance sectors.
- We offer seamless loan transitions between CRE product types.
Associations and certifications
- SBA Preferred Lender
- Freddie Mac Small Balance Loans (SBL) Optigo Lender
Services
Commercial Bridge Loans
We provide short-term commercial bridge loans for core and non-core assets up to $75 million. Our financing solutions help property owners transition between acquisitions, renovations, and long-term financing. With a streamlined approval process and flexible terms, we support borrowers through critical phases of property ownership and development.
SBA 7(a) Loans
Our SBA 7(a) loan program offers financing up to $5 million for small businesses nationwide. We specialize in working with diverse credit profiles and complex financing needs that traditional banks may decline. Our iBusiness platform streamlines the application process while maintaining personalized service throughout the loan lifecycle.
Freddie Mac Small Balance Loans
We originate Freddie Mac Small Balance Loans up to $7.5 million for multifamily properties. As a top 5 Freddie Mac SBL lender, we offer competitive pricing and efficient processing for small balance multifamily transactions. Our dedicated team ensures consistent loan closings under original terms.
Construction Loans
Our construction loan program provides financing from $5 million to $75 million for multifamily, industrial, and single-family rental developments. We support projects from initial ground-breaking through stabilization, offering tailored solutions for both vertical and horizontal development projects across major asset classes.
Affordable Multifamily Loans
We specialize in affordable housing financing through tax-exempt and taxable bonds on 4% Low-Income Housing Tax Credit (LIHTC) transactions. Our program supports developments with loan amounts ranging from $3 million to over $100 million, addressing critical affordable housing needs nationwide.
People
David A. Cohen
Chief Production Officer, Co-Head of Bridge
David A. Cohen leads production efforts and co-heads the bridge lending division with extensive experience in commercial real estate finance. He manages strategic relationships and oversees loan origination activities across multiple product lines.
Alex Ovalle
Head of Construction
Alex Ovalle directs construction lending initiatives with deep expertise in ground-up development financing. He oversees the origination and underwriting of construction loans for multifamily, industrial, and single-family rental projects nationwide.
Michel Gilbert
Managing Director
Michel Gilbert serves as Managing Director with responsibility for originating and structuring commercial real estate loans. He brings significant industry experience in debt and equity transactions across various property types.
Molly Rutzick
Senior Vice President
Molly Rutzick leads affordable multifamily lending initiatives with specialized knowledge in tax credit financing. She manages complex affordable housing transactions utilizing Low-Income Housing Tax Credits and other government programs.
John Drennan
Executive Director
John Drennan serves as Executive Director in New York with extensive experience in commercial real estate finance. He focuses on originating and structuring debt solutions for multifamily and commercial properties across the eastern United States.
Questions
What types of commercial real estate loans do you offer?
We offer commercial bridge loans, multifamily bridge loans, construction loans, Freddie Mac Small Balance Loans, and affordable multifamily financing solutions ranging from $5 million to $100+ million.
How can I apply for a small business loan?
Apply through our iBusiness platform or contact our team directly. We offer SBA 7(a) loans from $350,000 to $5 million with streamlined processing and personalized support throughout the application.
Are you a certified SBA lender?
Yes, we are an SBA Preferred Lender and the #1 non-bank SBA 7(a) lender nationwide, with over $1.6 billion in small business capital deployed since program inception.
What geographic areas do you serve?
We operate nationwide with offices in New York, New Jersey, California, Florida, Texas, and other key markets. Our platform supports borrowers in all 50 states through local market expertise.
What sets Ready Capital apart from other lenders?
We combine institutional strength with personalized service, offering seamless loan transitions, 24/7 underwriting, and expertise in complex transactions that traditional lenders may decline.
Do you offer USDA rural development loans?
Yes, we provide USDA Business and Industry loans up to $25 million and Rural Energy for America Program (REAP) financing for eligible projects in rural communities nationwide.
