Ready Capital Corporation (RC-PC)
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Ready Capital Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| VWA VSM Wealth Advisory LLC VSM Wealth Advisory LLC | 670 | $8,029 | $8,040 | $11 | 0.14% |
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Ready Capital Corporation Profile
| Mortgage Real Estate Investment Trusts (REITs) Industry | Financials Sector | Thomas Edward Capasse CEO | NYSE Exchange | 75574U705 CUSIP |
| US Country | 475 Employees | 30 Jun 2026 Last Dividend | - Last Split | 8 Feb 2013 IPO Date |
Overview
Ready Capital Corporation, based in New York, New York, is a real estate finance company that operates extensively within the United States. Specializing in a range of financing and lending services, the corporation focuses on catering to the lower-to-middle-market (LLM) commercial real estate sector and small business lending. It was initially established in 2007 as Sutherland Asset Management Corporation before undergoing a rebranding to Ready Capital Corporation in September 2018. Operating through two main segments—LMM Commercial Real Estate and Small Business Lending—Ready Capital Corporation provides a comprehensive suite of financial products tailored to meet the varied needs of its clientele. The company also benefits from its status as a real estate investment trust (REIT), which allows it to avoid federal corporate income taxes provided it distributes at least 90% of its taxable income to its shareholders.
Products and Services
- LMM Commercial Real Estate Loans:
- Small Business Administration (SBA) Loans:
- Residential Mortgage Loans:
- Construction Loans:
- Mortgage-Backed Securities:
- Purchased Future Receivables:
Ready Capital Corporation specializes in providing financing solutions for lower-to-middle-market commercial real estate projects. This includes a full spectrum of loan services from construction, bridge, stabilized, to agency loan origination channels. These loans cater to the development and acquisition needs of LLM properties, ensuring a versatile funding option for real estate investors and developers.
Under the Small Business Lending segment, Ready Capital offers owner-occupied loans that are guaranteed by the SBA under its SBA Section 7(a) Program. These loans are designed to support small businesses in their quest for growth and expansion by offering government-backed financing solutions with attractive terms and conditions.
The company also extends its financial services to the residential market by originating residential mortgage loans. This service speaks to the needs of homebuyers seeking reliable and competitive financing options for their home purchase endeavors.
Ready Capital provides construction loans that are essential for developers and investors aiming to commence new construction projects or complete ongoing developments. These loans offer the necessary capital to cover construction costs, thereby facilitating seamless project execution.
The company is involved in the acquisition and servicing of mortgage-backed securities that are primarily collateralized by LLM loans or other real estate-related investments. This area of operation enables Ready Capital to engage in investment activities that support its income generation and portfolio diversification strategies.
Within its Small Business Lending segment, Ready Capital also acquires purchased future receivables, providing yet another avenue for supporting small businesses. This product involves purchasing the future sales receivables of a company at a discount, offering immediate cash flow solutions to businesses in need.
