ReadyCap Commercial, LLC, Closes $218.8 Million Moody's-Rated Securitization

Transaction represents second securitization for small-balance commercial real estate loan originator

Dec 02, 2015, 11:57 ET from ReadyCap Commercial, LLC

IRVING, Texas, Dec. 2, 2015 /PRNewswire/ -- ReadyCap Commercial, LLC (, a leader in small-balance commercial real estate mortgage lending, has closed a $218.8 million securitization of newly originated first-lien, conventional commercial real estate mortgage loans. Moody's Investors Service and Kroll Bond Rating Agency assigned a "Aaa (sf)"  and "AAA (sf)" rating, respectively to the senior most certificates, which are backed by 99 fixed and floating-rate loans originated nationwide.

"ReadyCap is very pleased to complete our second securitization of commercial real estate loans," said Jim Going, ReadyCap's Chief Executive Officer. "We continue to gain traction in the marketplace in terms of origination volume, industry partnerships, and our profile in the small-balance commercial space as one of a few nationwide specialty finance lenders offering a breadth of products for borrowers. This securitization demonstrates our commitment to the sector and affirms the market's response."

According to Moody's Pre-Sale Report, approximately 56.1 percent of the pool balance is secured by properties that represent asset classes Moody's considers among the least volatile. These sectors include multifamily (42.7 percent), industrial (9.7 percent), and anchored retail (3.7 percent). The multifamily share of 42.7 percent is particularly strong, as the sector's severity rates have outperformed other commercial sectors.

KeyBank National Association is the Master Servicer, and ORIX Capital Markets, LLC is the Special Servicer. J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., and Citigroup Global Markets, Inc. served as placement agents. The offered securities were placed with a broad array of investors.

About ReadyCap Commercial, LLC
ReadyCap Commercial (, headquartered in Irving, TX, is a non-bank, direct portfolio lender offering financing for small-balance commercial investment, multifamily, and bridge loan programs nationwide. ReadyCap and its affiliates have offices in Irvine, CA; Dallas, TX; Chicago, IL; Miami, FL; Denver, CO; Charlotte, NC; Austin, TX; Atlanta, GA; Washington, D.C. and New York City, NY. Available financing ranges from $750,000 to $10 million. Founded in 2012, ReadyCap is a wholly owned indirect subsidiary of Sutherland Partners, L.P., the general partner of which is Sutherland Asset Management Corporation ("Sutherland"). Sutherland, a REIT, is a real estate finance company that acquires, originates, manages and finances commercial real estate loans, and to a lesser extent, asset-backed securities where the underlying pool of assets consists primarily of commercial real estate loans and other real estate-related investments. For more information, visit or call 888-354-0822.

SOURCE ReadyCap Commercial, LLC