Ready Capital Corporation (RC)

NYSE: RC · IEX Real-Time Price · USD
9.13
+0.20 (2.24%)
At close: Mar 28, 2024, 4:00 PM
9.16
+0.03 (0.33%)
After-hours: Mar 28, 2024, 7:23 PM EDT

Company Description

Ready Capital Corporation operates as a real estate finance company in the United States.

It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.

The LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels.

The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and acquires purchased future receivables.

The company has elected to be taxed as a real estate investment trust (REIT) and 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.

Ready Capital Corporation
Ready Capital logo
Country United States
Founded 2007
Industry REIT - Mortgage
Sector Real Estate
Employees 374
CEO Thomas Edward Capasse

Contact Details

Address:
1251 Avenue Of The Americas, 50th Floor
New York, New York 10020
United States
Phone (800) 453-3548
Website readycapital.com

Stock Details

Ticker Symbol RC
Exchange NYSE
Fiscal Year January - December
Reporting Currency USD
CIK Code 0001527590
CUSIP Number 75574U101
ISIN Number US75574U1016
Employer ID 90-0729143
SIC Code 6798

Key Executives

Name Position
Andrew Ahlborn CPA Chief Financial Officer and Secretary
Gary T. Taylor Chief Operating Officer
Adam Zausmer Chief Credit Officer
Thomas Edward Capasse Chairman, Chief Executive Officer and Chief Investment Officer
Jack Jay Ross CPA President and Director
Brian Dunn Director of Finance Division
Alex Ovalle MD and National Sales Manager
Richard Katzenstein MD and Head of Strategic Partnerships
David A. Cohen MD and Co-Head of the National Bridge Lending Platform

Latest SEC Filings

Date Type Title
Feb 28, 2024 10-K Annual Report
Feb 27, 2024 8-K Current Report
Feb 14, 2024 ABS-15G Filing
Feb 13, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Jan 29, 2024 8-K Current Report
Jan 22, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Nov 8, 2023 10-Q Quarterly Report
Nov 7, 2023 8-K Current Report
Sep 8, 2023 S-8 Securities to be offered to employees in employee benefit plans
Sep 8, 2023 S-8 Securities to be offered to employees in employee benefit plans