Ready Capital

Summary
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 originates SBC loans secured by stabilized or transitional investor properties using various 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. The Residential Mortgage Banking segment 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.

History

Ready Capital Corporation was founded in 2012 and is a leading, non-bank direct commercial real estate lender with access to capital in major markets nationwide and an experienced originations team. The company is headquartered in New York, NY.


Mission
Ready Capital Corporation is dedicated to providing superior quality commercial real estate debt investment and service solutions to our clients and partners, empowering them to meet and exceed their financial objectives.

Vision
Ready Capital Corporation is committed to smart growth and advancing our business model to become the premier commercial real estate debt investment and service provider in our markets.

Key Team

Mr. Jack Jay Ross CPA (Pres & Director)

Mr. Brian Dunn (Director of Fin. Division)

Mr. Alex Ovalle (MD & National Sales Mang.)

Mr. Richard Katzenstein (MD & Head of Strategic Partnerships)

David A. Cohen (MD & Co-Head of the National Bridge Lending Platform)


Recognition and Awards
Ready Capital Corporation has been the recipient of a “Top Workplaces” award twice, in 2015 and 2017. In addition, Ready Capital Corporation was awarded the “Top 25 Workplaces for Women” in 2016.

References
Ready Capital
Leadership team

Mr. Andrew Ahlborn CPA (CFO & Sec.)

Mr. Gary T. Taylor (Chief Operating Officer)

Mr. Thomas Edward Capasse (Chairman, CEO & Chief Investment Officer)

Products/ Services
Financial Services, Real Estate
Number of Employees
500 - 1000
Headquarters
New York, New York, United States
Established
2012
Company Registration
SEC CIK number: 0001527590
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
RC
Social Media
Wed Feb 28 2024
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