Ready Capital Corporation (RC) NYSE

4.21

-0.175(-4.00%)

Updated at May 09 10:31AM

Currency In USD

Ready Capital Corporation

Address

1251 Avenue of the Americas

New York, NY 10020

United States of America

Phone

212-257-4600

Sector

Real Estate

Industry

REIT - Mortgage

Employees

475

First IPO Date

February 08, 2013

Key Executives

NameTitlePayYear Born
Mr. Thomas Edward CapasseChairman, Chief Executive Officer & Chief Investment Officer01957
Mr. Gary T. TaylorChief Operating Officer1.24M1959
Mr. Adam ZausmerChief Credit Officer1.48M1978
Mr. Jack Jay Ross CPAPresident & Director01957
Mr. Brian DunnDirector of Finance Division0N/A
Mr. Alex OvalleMD & Head of Construction Lending and Syndications0N/A
David A. CohenMD & Co-Head of the National Bridge Lending Platform0N/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.