Ready Capital Corporation 7.00%

Ready Capital Corporation 7.00%

RCA
Ready Capital Corporation 7.00%US flagNew York Stock Exchange
24.97
USD
+0.00
- -
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Capital Structure

FRC

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
None
Sector
Real Estate
Industry
REIT - Mortgage
Address
MD United States of America
IPO Date
Feb 22, 2010
Business
Ready Capital Corporation (NYSE: RC) is a commercial mortgage real estate investment trust (REIT) and multi-strategy real estate finance company that originates, acquires, manages, finances, and services small- to medium-sized balance commercial real estate loans and related securities. The company specializes in loans backed by commercial real estate, including agency multifamily such as Freddie Mac SBL Optigo loans, investor loans, bridge loans, construction loans, and stabilized loans; it also provides U.S. Small Business Administration (SBA) 7(a) loans, USDA OneRD government-guaranteed loans, and small business lending solutions. Ready Capital operates nationwide across the United States, targeting lower-to-middle-market investors, property developers, small businesses, and owners of commercial properties in high-conviction sectors and superior markets, with a conservative credit approach emphasizing strong sponsors. Founded in 2007 and headquartered at 1251 Avenue of the Americas in New York, New York, Ready Capital employs approximately 500 lending professionals across multiple locations including Irving, Texas, and Berkeley Heights, New Jersey. The company is externally managed by Waterfall Asset Management, LLC, and maintains an active acquisition strategy in the real estate finance sector, having completed eleven transactions since 2014 including four public company mergers. In recent developments, Ready Capital completed the acquisition of Madison One in June 2024 to expand into USDA lending with expected annual volume exceeding $300 million; acquired Funding Circle US in July 2024 to enhance efficiency, funding solutions, and technology-enabled customer experiences; and finalized the merger with United Development Funding IV in March 2025 via a stock and contingent value right (CVR)-based deal, further bolstering its scale and diversification in real estate finance. These strategic moves build on prior integrations such as the February 2023 merger with Broadmark Realty Capital, which increased its capital base to approximately $2.7 billion pro forma. Ready Capital continues to rank as a top Freddie Mac SBL lender and a leading non-bank SBA 7(a) provider.

Company News

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