ReadyCap Commercial to Consolidate Operations in Texas and New Jersey Offices

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Nationwide lender provides commercial real estate and multifamily financing solutions for creditworthy borrowers seeking speed and innovative terms.

ReadyCap Commercial, LLC (http://www.readycapcommercial.com), a non-bank direct lender offering commercial real estate financing up to $10 million in major markets nationwide, is implementing a plan to consolidate its shared services teams in the company’s Texas and New Jersey offices.

As part of the plan, moving forward, ReadyCap Commercial’s loan operations will be based in its Irving, Texas office. Accounting, technology, marketing and human resources functions will be based in its New Providence, New Jersey office. The sales and production team, with staff located throughout the country, remains unchanged.

“Locating our operations teams where most of these shared services currently reside will provide greater efficiency across the enterprise,” said Jim Going, CEO of ReadyCap Commercial.

The move to consolidate loan operations to the company’s Irving, Texas office maximizes the efficiency and synergy of having one base to support the sales production teams. ReadyCap’s New Providence, New Jersey office is the current hub of technology infrastructure and business operations, and provides a centralized location for shared administrative departments. ReadyCap’s Irvine, Calif. office remains open during the transition; it will be closed sometime in 2016.

ReadyCap Commercial provides commercial real estate and multifamily financing solutions for creditworthy borrowers seeking speed and innovative terms. As a non-bank lender, ReadyCap offers more flexibility and speed than traditional lending sources, while focusing on real estate fundamentals and considering the total picture of the borrower and transaction. In addition to its conventional commercial real estate products, ReadyCap Commercial is also an approved seller/servicer in Freddie Mac’s SBL program.

About ReadyCap Commercial, LLC
ReadyCap Commercial (http://www.readycapcommercial.com), is a non-bank, direct portfolio lender offering financing for small-balance commercial investment, multifamily, and bridge loan programs nationwide, including Freddie Mac Small Balance Loans. ReadyCap and its affiliates have offices in Dallas, TX; New Providence, NJ; Irvine, CA; Chicago, IL; Miami, FL; Denver, CO; Charlotte, NC; Austin, TX; Atlanta, GA; Washington DC 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 http://www.readycapcommercial.com or call 888-354-0822.

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Kristin Seigworth
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