- Business
- Ready Capital Corporation (NYSE: RC-PE) is a real estate finance company that originates, acquires, finances, and services commercial real estate loans, small balance lending products, and other debt investments. The company offers a diverse portfolio of products and services, including small balance commercial real estate (CRE) lending through its Ready Capital Origination business unit; multifamily bridge loans; construction loans; agency multifamily loans; commercial construction and term loans; warehouse lending facilities; SBA 7(a) and 504 loans; and property management services. Ready Capital operates primarily in the United States, targeting small and middle-market businesses, real estate investors, and institutional clients across various property types such as multifamily, office, retail, industrial, and hospitality. Founded in 2007 and headquartered in New York, New York, the company manages its lending platform through subsidiaries like Ready Capital Home Finance and Ready Capital Funding, with no publicly disclosed parent company.
In the last 1-2 years, Ready Capital has pursued strategic expansions, including the launch of new small balance lending initiatives and enhancements to its SBA lending programs to capture growing demand in underserved markets. The company completed several acquisitions of loan portfolios and originated over $1 billion in new loans in recent quarters, bolstering its balance sheet amid rising interest rates. Additionally, Ready Capital formed partnerships with regional banks for co-origination deals and expanded its geographic footprint into additional U.S. states, reflecting a focus on scaling non-agency lending segments.