Real Estate -
REIT - Mortgage - NYSE - US
$ 7.05
4.44 %
$ 1.19 B
Market Cap
-9.79
P/E
1. INTRINSIC VALUE
Balance Sheet
Ready Capital Corporation
| Current Assets | 273 M |
| Cash & Short-Term Investments | 139 M |
| Receivables | 131 M |
| Other Current Assets | 3.08 M |
| Non-Current Assets | 7.83 B |
| Long-Term Investments | 7.06 B |
| PP&E | 2.54 M |
| Other Non-Current Assets | 769 M |
| Current Liabilities | 345 M |
| Accounts Payable | 41.6 M |
| Short-Term Debt | 150 M |
| Other Current Liabilities | 154 M |
| Non-Current Liabilities | 7.11 B |
| Long-Term Debt | 7.09 B |
| Other Non-Current Liabilities | 11.3 M |
EFFICIENCY
Earnings Waterfall
Ready Capital Corporation
| Revenue | 1.15 B |
| Cost Of Revenue | 59.6 M |
| Gross Profit | 1.09 B |
| Operating Expenses | 34.7 M |
| Operating Income | 879 M |
| Other Expenses | 528 M |
| Net Income | 351 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Ready Capital Corporation
| Net Income | 351 M |
| Depreciation & Amortization | 20.2 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 7.55 M |
| Change in Working Capital | -83.2 M |
| Others | -361 M |
| Free Cash Flow | 54.1 M |
Wall Street Analysts Price Targets
Ready Capital Corporation
Wall Street analysts predict an average 1-year price target for RC of $9.33 , with forecasts ranging from
a
low of
$8 to a high of $11 .
RC Lowest Price Target
Wall Street Target
8 USD
13.48%
RC Average Price Target
Wall Street Target
9.33 USD
32.39%
RC Highest Price Target
Wall Street Target
11 USD
56.03%
4. DIVIDEND
ANALYSIS
4.23%
DIVIDEND YIELD
0.25 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Ready Capital Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
82.9 K USD 1
6-9 MONTHS
212 K USD 2
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
7 months ago
May 24, 2024
|
Bought
82.9 K USD
|
NATHAN GILBERT E
Director
|
+ 10000
|
8.286 USD |
|
9 months ago
Mar 22, 2024
|
Bought
19.6 K USD
|
NATHAN GILBERT E
Director
|
+ 2150
|
9.1297 USD |
|
9 months ago
Mar 22, 2024
|
Bought
63.8 K USD
|
NATHAN GILBERT E
Director
|
+ 7000
|
9.1189 USD |
|
10 months ago
Mar 14, 2024
|
Bought
86.5 K USD
|
NATHAN GILBERT E
Director
|
+ 10000
|
8.6475 USD |
|
10 months ago
Mar 05, 2024
|
Bought
42.1 K USD
|
LUEBBERS KEVIN M
Director
|
+ 5000
|
8.4297 USD |
|
1 year ago
Aug 15, 2023
|
Sell 285 K
USD
|
Capasse Thomas E
CEO and CIO
|
- 26623
|
10.7 USD |
|
1 year ago
Mar 08, 2023
|
Bought
42.4 K USD
|
NATHAN GILBERT E
Director
|
+ 3841
|
11.05 USD |
|
1 year ago
Mar 07, 2023
|
Bought
54.8 K USD
|
NATHAN GILBERT E
Director
|
+ 5000
|
10.9546 USD |
|
1 year ago
Mar 03, 2023
|
Bought
56 K USD
|
Mielle Dominique
Director
|
+ 5000
|
11.1997 USD |
|
1 year ago
Mar 03, 2023
|
Bought
50.1 K USD
|
Mielle Dominique
Director
|
+ 2500
|
20.05 USD |
|
2 years ago
Aug 26, 2022
|
Sell 20.2 K
USD
|
Ahlborn Andrew
Chief Financial Officer
|
- 1465
|
13.8 USD |
|
2 years ago
Aug 29, 2022
|
Sell 41.9 K
USD
|
Ahlborn Andrew
Chief Financial Officer
|
- 3035
|
13.8 USD |
|
3 years ago
Nov 30, 2021
|
Bought
492 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 20000
|
24.5871 USD |
|
3 years ago
Nov 30, 2021
|
Bought
30.6 K USD
|
NATHAN GILBERT E
Director
|
+ 2000
|
15.2894 USD |
|
3 years ago
Nov 29, 2021
|
Bought
15.5 K USD
|
NATHAN GILBERT E
Director
|
+ 1000
|
15.5099 USD |
|
3 years ago
Nov 15, 2021
|
Bought
31.7 K USD
|
NATHAN GILBERT E
Director
|
+ 2000
|
15.84 USD |
|
3 years ago
Nov 12, 2021
|
Bought
32.4 K USD
|
Petro Andrea
Director
|
+ 2000
|
16.2 USD |
|
3 years ago
Aug 16, 2021
|
Bought
49.7 K USD
|
Petro Andrea
Director
|
+ 3300
|
15.06 USD |
|
3 years ago
May 24, 2021
|
Bought
44 K USD
|
NATHAN GILBERT E
Director
|
+ 3000
|
14.6632 USD |
|
3 years ago
May 13, 2021
|
Bought
67.4 K USD
|
Petro Andrea
Director
|
+ 4750
|
14.18 USD |
|
3 years ago
May 11, 2021
|
Bought
54.6 K USD
|
NATHAN GILBERT E
Director
|
+ 4000
|
13.6589 USD |
|
3 years ago
May 11, 2021
|
Sell 0
USD
|
NATHAN GILBERT E
Director
|
- 0
|
15.63 USD |
|
4 years ago
May 22, 2020
|
Bought
0 USD
|
NATHAN GILBERT E
Director
|
+ 0
|
16.37 USD |
|
4 years ago
May 20, 2020
|
Bought
49.8 K USD
|
Taylor Gary
Chief Operating Officer
|
+ 8250
|
6.039 USD |
|
4 years ago
May 14, 2020
|
Bought
0 USD
|
NATHAN GILBERT E
Director
|
+ 0
|
16.37 USD |
|
4 years ago
Mar 19, 2020
|
Bought
20.8 K USD
|
Ahlborn Andrew
Chief Financial Officer
|
+ 3272
|
6.3638 USD |
|
4 years ago
Mar 18, 2020
|
Bought
63.3 K USD
|
Buttacavoli Thomas
Chief Investment Officer
|
+ 10000
|
6.3338 USD |
|
4 years ago
Mar 18, 2020
|
Bought
25.1 K USD
|
Sinai Todd M.
Director
|
+ 4000
|
6.2658 USD |
|
4 years ago
Mar 19, 2020
|
Bought
11.9 K USD
|
NATHAN GILBERT E
Director
|
+ 2000
|
5.9389 USD |
|
4 years ago
Mar 18, 2020
|
Bought
10.7 K USD
|
NATHAN GILBERT E
Director
|
+ 2000
|
5.3663 USD |
|
4 years ago
Mar 18, 2020
|
Bought
123 K USD
|
REESE J MITCHELL
Director
|
+ 20000
|
6.1429 USD |
|
4 years ago
Mar 16, 2020
|
Bought
239 K USD
|
Ross Jack J.
President
|
+ 25000
|
9.5433 USD |
|
4 years ago
Mar 13, 2020
|
Bought
193 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 19000
|
10.1752 USD |
|
4 years ago
Mar 13, 2020
|
Bought
173 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 17000
|
10.174 USD |
|
4 years ago
Mar 13, 2020
|
Bought
148 K USD
|
Buttacavoli Thomas
Chief Investment Officer
|
+ 15000
|
9.8665 USD |
|
5 years ago
May 15, 2019
|
Bought
51.6 K USD
|
Sinai Todd M.
Director
|
+ 3500
|
14.7399 USD |
|
5 years ago
May 15, 2019
|
Sell 36.9 K
USD
|
Sinai Todd M.
Director
|
- 2500
|
14.7489 USD |
|
5 years ago
May 15, 2019
|
Sell 51.6 K
USD
|
Sinai Todd M.
Director
|
- 3500
|
14.7401 USD |
|
6 years ago
Nov 26, 2018
|
Bought
135 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 9112
|
14.8605 USD |
|
6 years ago
Nov 21, 2018
|
Bought
41.9 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 2888
|
14.52 USD |
|
6 years ago
Nov 21, 2018
|
Bought
116 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 8000
|
14.52 USD |
|
8 years ago
Nov 30, 2016
|
Bought
39.8 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 3000
|
13.25 USD |
|
8 years ago
Nov 30, 2016
|
Bought
13.1 K USD
|
Sinai Todd M.
Director
|
+ 1000
|
13.14 USD |
|
8 years ago
Nov 29, 2016
|
Bought
13.2 K USD
|
Sinai Todd M.
Director
|
+ 1000
|
13.15 USD |
|
8 years ago
Nov 28, 2016
|
Bought
196 K USD
|
REESE J MITCHELL
Director
|
+ 15000
|
13.06 USD |
|
8 years ago
Nov 28, 2016
|
Bought
132 K USD
|
HERBST FREDERICK C
Chief Financial Officer
|
+ 10000
|
13.15 USD |
|
8 years ago
Nov 25, 2016
|
Bought
503 K USD
|
Ross Jack J.
President
|
+ 39000
|
12.9 USD |
|
8 years ago
Nov 29, 2016
|
Bought
13.7 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 1043
|
13.15 USD |
|
8 years ago
Nov 28, 2016
|
Bought
131 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 10000
|
13.07 USD |
|
8 years ago
Nov 25, 2016
|
Bought
64.5 K USD
|
Capasse Thomas E
Chief Executive Officer
|
+ 5000
|
12.9 USD |
|
10 years ago
Aug 26, 2014
|
Bought
16.5 K USD
|
Ogilvie Marran H.
Director
|
+ 860
|
19.15 USD |
|
10 years ago
Aug 25, 2014
|
Bought
13.2 K USD
|
Ogilvie Marran H.
Director
|
+ 700
|
18.9 USD |
|
10 years ago
Aug 21, 2014
|
Bought
9.36 K USD
|
Motani Nisha
Chief Accounting Officer
|
+ 500
|
18.72 USD |
|
10 years ago
Aug 21, 2014
|
Bought
24.3 K USD
|
Motani Nisha
Chief Accounting Officer
|
+ 1300
|
18.72 USD |
|
10 years ago
Aug 19, 2014
|
Bought
568 K USD
|
Zugel Christian
Director
|
+ 30000
|
18.93 USD |
|
10 years ago
Aug 20, 2014
|
Bought
12 K USD
|
Ogilvie Marran H.
Director
|
+ 640
|
18.68 USD |
|
10 years ago
Aug 19, 2014
|
Bought
9.37 K USD
|
Ogilvie Marran H.
Director
|
+ 500
|
18.74 USD |
|
10 years ago
Aug 18, 2014
|
Bought
98 K USD
|
Szymanski Michael
CEO, President and Director
|
+ 5300
|
18.5 USD |
|
10 years ago
Aug 18, 2014
|
Bought
49.3 K USD
|
Zinn James
Director
|
+ 2650
|
18.59 USD |
|
10 years ago
Aug 19, 2014
|
Bought
56.4 K USD
|
Mudge Daniel
Director
|
+ 3000
|
18.8 USD |
|
10 years ago
Aug 18, 2014
|
Bought
18.7 K USD
|
Hargrave Brian
Chief Investment Officer
|
+ 1000
|
18.69 USD |
|
11 years ago
Sep 06, 2013
|
Bought
14.2 K USD
|
Motani Nisha
Chief Accounting Officer
|
+ 900
|
15.81 USD |
|
11 years ago
Sep 03, 2013
|
Bought
78.4 K USD
|
McDade Paul
CFO & Treasurer
|
+ 5000
|
15.69 USD |
|
11 years ago
Sep 04, 2013
|
Bought
7.85 K USD
|
Reimer Eric
Director
|
+ 500
|
15.7 USD |
|
11 years ago
Sep 03, 2013
|
Bought
141 K USD
|
Reimer Eric
Director
|
+ 9000
|
15.71 USD |
|
11 years ago
Sep 04, 2013
|
Bought
50.3 K USD
|
Zinn James
Director
|
+ 3200
|
15.72 USD |
|
11 years ago
Sep 03, 2013
|
Bought
393 K USD
|
Zugel Christian
Chairman of the Board
|
+ 25000
|
15.72 USD |
|
11 years ago
Sep 03, 2013
|
Bought
78.6 K USD
|
Zugel Christian
Chairman of the Board
|
+ 5000
|
15.71 USD |
|
11 years ago
Sep 04, 2013
|
Bought
20.4 K USD
|
Ogilvie Marran H.
Director
|
+ 1300
|
15.71 USD |
|
11 years ago
Sep 03, 2013
|
Bought
17.3 K USD
|
Ogilvie Marran H.
Director
|
+ 1100
|
15.71 USD |
|
11 years ago
Sep 03, 2013
|
Bought
47.1 K USD
|
Mudge Daniel
Director
|
+ 3000
|
15.71 USD |
|
11 years ago
Sep 03, 2013
|
Bought
106 K USD
|
Szymanski Michael
CEO, Pres and Director
|
+ 6400
|
16.5 USD |
|
11 years ago
Sep 04, 2013
|
Bought
15.7 K USD
|
Hargrave Brian
Chief Investment Officer
|
+ 1000
|
15.74 USD |
|
11 years ago
Apr 04, 2013
|
Bought
15.5 K USD
|
Ogilvie Marran H.
Director
|
+ 750
|
20.69 USD |
|
11 years ago
Feb 08, 2013
|
Bought
99.8 K USD
|
Szymanski Michael
CEO, Pres and Director
|
+ 5000
|
19.9622 USD |
|
11 years ago
Feb 08, 2013
|
Bought
200 K USD
|
Zugel Christian
Chairman of the Board
|
+ 10000
|
20.02 USD |
|
11 years ago
Feb 08, 2013
|
Bought
99.8 K USD
|
Crowley Denise
Director
|
+ 5000
|
19.9619 USD |
|
11 years ago
Feb 12, 2013
|
Bought
5.89 K USD
|
Hargrave Brian
Chief Investment Officer
|
+ 300
|
19.638 USD |
|
11 years ago
Feb 11, 2013
|
Bought
5.92 K USD
|
Hargrave Brian
Chief Investment Officer
|
+ 300
|
19.725 USD |
|
11 years ago
Feb 08, 2013
|
Bought
7.98 K USD
|
Hargrave Brian
Chief Investment Officer
|
+ 400
|
19.9585 USD |
7. News
RCD: A 9.00% Senior Note IPO From Ready Capital Corporation
Ready Capital Corporation's new senior notes trading under ticker RCD offer a 9.00% annual interest rate but face significant financial challenges, including inconsistent dividends and a high debt-to-equity ratio. The company's recent dividend cut and negative earnings-to-debt payments ratio raise concerns about its ability to cover debt obligations. Compared to other Ready Capital senior notes, RCD is fairly priced but not the best option due to its longer duration and associated risks.
seekingalpha.com
- 3 weeks ago
Ready Capital Corporation Declares Fourth Quarter 2024 Dividends
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2024. This dividend is payable on January 31, 2025, to shareholders of record as of the close of business on December 31, 2024.
globenewswire.com
- 1 month ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
seekingalpha.com
- 1 month ago
NexPoint Comments on Cancellation of United Development Funding IV (UDF IV) 2024 Annual Meeting
UDF IV's Plan "Not to Reconvene the Annual Meeting" is Unacceptable Outcome for Shareholders NexPoint Urges UDF IV to Reconvene Meeting Following Full Disclosure of Ready Capital Transaction Details and to Disclose Amount of Shareholder Funds Used on Advisors for an Annual Meeting it has Failed to Hold DALLAS , Dec. 12, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today issued a statement regarding the "adjournment" of the United Development Funding IV ("UDF IV" or the "Company") Annual Meeting of Shareholders ("Annual Meeting") due to a lack of quorum and the Company's statement that it will not reconvene the Meeting. NexPoint provided the following comment: "We are deeply alarmed by UDF IV's announcement that it will not reconvene the Annual Meeting after failing to meet the quorum threshold.
prnewswire.com
- 1 month ago
Ready Capital Corporation Announces Closing of Public Offering of Senior Notes Due 2029 and Partial Exercise of Over-allotment Option
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it closed an underwritten public offering of $130 million aggregate principal amount of 9.00% Senior Notes due 2029 (the “Notes”), including $15 million aggregate principal amount relating to the partial exercise of the underwriters' over-allotment option. The Notes were issued in minimum denominations and integral multiples of $25.00. The Company intends to use the net proceeds from this offering to originate or acquire target assets consistent with its investment strategy and for general corporate purposes. Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC served as book-running managers for the offering.
globenewswire.com
- 1 month ago
NexPoint Comments on United Development Funding IV (UDF IV) Annual Meeting
Declines to Appear at Annual Meeting, Calls for Adjournment of Meeting Until UDF IV Provides Proper Disclosure on Recently Announced Merger with Ready Capital DALLAS , Dec. 10, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today announced it will not appear nor vote any proxies at the United Development Funding IV ("UDF IV" or the "Company") Annual Meeting of Shareholders ("Annual Meeting") being held today, December 10, 2024. NexPoint remains concerned about the Company's planned acquisition by Ready Capital (NYSE:RC), which UDF IV announced last week in an apparent attempt to influence today's vote at the Annual Meeting.
prnewswire.com
- 1 month ago
Ready Capital: 9% Senior Notes Might Be Worth Pursuing
Ready Capital's Q3 2024 showed another decrease in book value. Q3 2024 actually had negative distributable earnings. The company made an acquisition and offered to place debt at a 9% yield.
seekingalpha.com
- 1 month ago
Ready Capital Corporation Announces Pricing of Public Offering of Senior Notes Due 2029
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC ) ("Ready Capital" or the "Company") today announced that it priced an underwritten public offering of $115.0 million aggregate principal amount of 9.00% Senior Notes due 2029 (the "Notes"). The Notes will be issued in minimum denominations and integral multiples of $25.00. The Company has granted to the underwriters a 30-day over-allotment option to purchase up to an additional $17.25 million aggregate principal amount of the Notes at the public offering price, less the underwriting discount. The Company intends to use the net proceeds from this offering to originate or acquire target assets consistent with its investment strategy and for general corporate purposes. Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC served as book-running managers for the offering.
globenewswire.com
- 1 month ago
Ready Capital Corporation Announces Public Offering of Senior Notes Due 2029
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it is commencing an underwritten public offering of senior unsecured notes due 2029 (the “Notes”). The Company intends to use the net proceeds from this offering to originate or acquire target assets consistent with its investment strategy and for general corporate purposes. The maturity, interest rate and other terms of the Notes will be determined at the time of pricing the offering. Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC are serving as book-running managers for the offering.
globenewswire.com
- 1 month ago
Ready Capital and United Development Funding IV Announce Definitive Agreement for Ready Capital to Acquire United Development Funding IV
Adds scale and extends Ready Capital's core platform with UDF IV's proven land development lending platform Diversifies Ready Capital's portfolio and offers land development solution to borrowers and investors Expected to be accretive to Ready Capital's earnings and book value in 2025 UDF IV shareholders may receive up to $5.89 per UDF share through a combination of: (i) pre-closing distributions of UDF IV's own cash from its balance sheet valued at up to $75 million, or $2.44 per share, (ii) shares issued at closing by Ready Capital for UDF IV shares valued at $94 million, or $3.07 per share, and (iii) contingent value rights with estimated future value of up to $12 million, or $0.38 per share NEW YORK and IRVING, Texas, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner-occupied commercial real estate loans, and United Development Funding IV (“UDF IV” or the “Trust”), a real estate investment trust providing capital solutions to residential real estate developers and regional homebuilders, announced today that they have entered into a definitive merger agreement pursuant to which Ready Capital will acquire UDF IV. Upon completion of the transaction, Ready Capital is anticipated to have a pro forma equity capital base in excess of $2.2 billion.
globenewswire.com
- 1 month ago
3 High Yield October Dividend Payers: Blackstone, Ready Capital And Medical Property Trust
My portfolio, Rose's Income Garden (RIG), is highly diversified with 84 investments across all 11 sectors, ensuring resilience against market fluctuations. Despite three dividend cuts in October, I retain Medical Properties Trust, Blackstone Mortgage Trust, and Ready Capital due to their high yields and recovery potential. High-yield investments can be risky but rewarding; my portfolio's value is up 15.54% YTD, close to the DOW, and has a 5.4% yield.
seekingalpha.com
- 2 months ago
Ready Capital Corporation (RC) Q3 2024 Earnings Call Transcript
Ready Capital Corporation (NYSE:RC ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Andrew Ahlborn - Chief Financial Office Thomas Capasse - Chief Executive Officer Andrew Ahlborn - Chief Credit Officer Adam Zausmer - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler Douglas Harter - UBS Jade Rahmani - KBW Stephen Laws - Raymond James Christopher Nolan - Landenburg Thalmann Matt Howlett - B. Riley Securities Operator Greetings, and welcome to the Ready Capital Third Quarter 2024 Earnings Call.
seekingalpha.com
- 2 months ago
8. Profile
Summary
Ready Capital Corporation RC
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 1.19 B
Dividend Yield
4.23%
Description
Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.
Contact
1251 Avenue of the Americas, New York, NY, 10020
https://www.readycapital.com
IPO
Date
Feb. 8, 2013
Employees
350
Officers
David A. Cohen
MD & Co-Head of the National Bridge Lending Platform
Mr. Gary T. Taylor
Chief Operating Officer
Mr. Richard Katzenstein
MD & Head of Strategic Partnerships
Mr. Andrew Ahlborn CPA
Chief Financial Officer & Secretary
Mr. Adam Zausmer
Chief Credit Officer
Mr. Thomas Edward Capasse
Chairman, Chief Executive Officer & Chief Investment Officer
Mr. Jack Jay Ross CPA
President & Director
Mr. Brian Dunn
Director of Finance Division
Mr. Alex Ovalle
MD & National Sales Manager