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.
| Country | United States |
| Founded | 2007 |
| Industry | REIT - Mortgage |
| Sector | Real Estate |
| Employees | 374 |
| CEO | Thomas Capasse |
Contact Details
Address: 1251 Avenue of the Americas, 50th Floor New York, New York 10020 United States | |
| Phone | 212 257 4600 |
| 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 |
|---|---|
| Thomas Edward Capasse | Chairman, Chief Executive Officer and Chief Investment Officer |
| Andrew Ahlborn CPA | Chief Financial Officer and Secretary |
| Gary T. Taylor | Chief Operating Officer |
| Adam Zausmer | Chief Credit 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 |
|---|---|---|
| Dec 11, 2024 | 425 | Filing |
| Dec 10, 2024 | CERT | Certification by an exchange approving securities for listing |
| Dec 10, 2024 | 8-A12B | Registration of securities |
| Dec 10, 2024 | 8-K | Current Report |
| Dec 9, 2024 | 425 | Filing |
| Dec 6, 2024 | 8-K | Current Report |
| Dec 5, 2024 | 424B3 | Prospectus |
| Dec 4, 2024 | 425 | Filing |
| Dec 4, 2024 | 425 | Filing |
| Dec 3, 2024 | FWP | Free Writing Prospectus |