Ready Capital Corporation (RC-PE) NYSE
12.90
+0.16(+1.26%)
Currency In USD
- General
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- Historical Data
- Profile
- Financials
Ready Capital Corporation
Address
1251 Avenue of the Americas
New York City, NY 10020
United States of America (the)
Phone
212-257-4600
Website
Sector
Real Estate
Industry
REIT - Mortgage
Employees
475
First IPO Date
June 04, 2021
Key Executives
| Name | Title | Pay | Year Born |
| John Sokolovic | Managing Director & CEO of Affordable Multifamily | 0 | 1963 |
| Thomas Edward Capasse | Chairman, Chief Executive Officer & Chief Investment Officer | 0 | 1957 |
| Andrew Ahlborn | Chief Financial Officer & Secretary | 1.57M | 1985 |
| Brian Dunn | Director of Finance Division | 0 | N/A |
| Garrett Thelander | Managing Director & Head of Workouts | 0 | N/A |
| Jack Jay Ross | President & Director | 0 | 1957 |
| Matthew Cohen | Head of Operations & CTO | 0 | N/A |
| Thomas Warren Jr. | Head of Human Resources | 0 | N/A |
| Alex Ovalle | MD & Head of Construction Lending and Syndications | 0 | N/A |
| Sue Ianieri | Head of Marketing | 0 | N/A |
Description
Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally 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.
