ReadyCap Commercial LLC securitized $165.0 million of newly originated first-lien, conventional fixed-rate commercial real estate mortgage loans.
The transaction is backed by 50 fixed-rate assets including 47 whole mortgage loans and three senior participation interests in whole mortgage loans, each secured by first liens on 54 commercial and multifamily properties.
KeyBank NA served as the master and special servicer. Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Citigroup Global Markets Inc. LLC served as placement agents.
ReadyCap is a unit of Sutherland Asset Management Corp.