Real estate finance company focused on lending to real estate owners, operators, and developers nationwide.
Ready Capital Corporation operates as a prominent real estate finance company within the United States. The company specializes in acquiring, originating, managing, servicing, and financing a diverse array of real estate-related investments. These include small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage-backed securities primarily collateralized by SBC loans.
The operations of Ready Capital Corporation are segmented into three main categories: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment focuses on originating loans secured by stabilized or transitional investor properties through multiple origination channels. Meanwhile, 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 primarily originates residential mortgage loans.
As a real estate investment trust (REIT) for federal income tax purposes, Ready Capital Corporation benefits from tax advantages by distributing at least 90% of its taxable income to its shareholders. This structure enhances the company's ability to generate consistent returns for investors while minimizing tax obligations.
Founded in 2007 and headquartered in New York, New York, Ready Capital Corporation was originally known as Sutherland Asset Management Corporation before rebranding in September 2018. The company has established itself as a trusted partner in the real estate finance industry, leveraging its expertise and comprehensive portfolio to navigate various market conditions effectively.