Applications / Mortgage Analytics / Lenders / New York / ReadyCap Commercial
New York, NY · Non-bank or government lender · CFPB · 46 loans in 2025
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46
loans originated, 2025
109
applications, 2025
19
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
ReadyCap Commercial, a New York non-bank lender, makes a few dozen very large loans a year, mostly refinances, and made fewer in 2025.
Its typical loan was $2.6 million, against $385,000 at similar lenders, which are non-bank lenders making between half and twice as many loans. The size has held for years: its typical loan was also $2.6 million in 2020. Refinances made up 82.6% of its loans, and it reports no borrower incomes, which may mean it lends to businesses rather than households.
It made 46 loans, down 40% from 77, while similar lenders fell by 6%; about nine in ten of them shrank less or grew. It made 277 loans in 2021, and has made fewer than 100 in each year since 2023.
Its share of loans in poorer neighborhoods (low- and moderate-income, or LMI, tracts) was 52.2%, against 20.6% at similar lenders, higher than nearly all of them. It was 55.1% in 2020. Its typical rate, 6.07%, was lower than the 6.88% at similar lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. ReadyCap Commercial took 109 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 82.6% · Purchase 15.2% · Not applicable 2.2%
Conventional 100.0% · of 46 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Texas | 13 | 28.3% |
| Colorado | 5 | 10.9% |
| New York | 4 | 8.7% |
| Florida | 3 | 6.5% |
| Illinois | 3 | 6.5% |
| New Jersey | 3 | 6.5% |
| Georgia | 2 | 4.3% |
| Kentucky | 2 | 4.3% |
| Arizona | 1 | 2.2% |
| California | 1 | 2.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Denver-Aurora-Centennial | 5 |
| Houston-Pasadena-The Woodlands | 5 |
| Austin-Round Rock-San Marcos | 3 |
| New York-Jersey City-White Plains | 3 |
| Atlanta-Sandy Springs-Roswell | 2 |
| Chicago-Naperville-Schaumburg | 2 |
| Albany | 1 |
| Beaumont-Port Arthur | 1 |
| Cambridge-Newton-Framingham | 1 |
| Cincinnati | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300L8ZRL1FNUUOA59 | 2018–2025 |
Established 22 August 2012. Reported under HMDA 2018-2025.
Mergers, name changes, data editions and corrections: ReadyCap Commercial's data.
ReadyCap Commercial's data
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ReadyCap Commercial and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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