NYSE: RC
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans. The company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program. Ready Capital operates as a REIT and manages a total loan portfolio of approximately $4.6 billion, with a servicing portfolio spanning SBA, multifamily, USDA, and small business loans. The company is currently executing a significant balance sheet repositioning strategy, deleveraging through loan sales and portfolio runoff while working through a substantial portfolio of non-performing commercial real estate loans, primarily multifamily bridge loans. It also owns a mixed-use Portland, Oregon property featuring Ritz-Carlton branded condominiums, a hotel, and office/retail space. The company employs over 400 professionals. Updated
With the 10-year U.S. Treasury bond currently yielding 4.38%, interest rates are still abnormally high given positive job growth, trillions of dollars in U.S. investments, wage growth among blue collar workers and…
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans.
