Ready Capital Corporation RC

Company Overview

Ready Capital Corporation is a publicly traded real estate finance company and mortgage REIT focused on originating, acquiring, financing, and servicing commercial real estate loans and small business loans in the United States. The company operates primarily in the commercial real estate finance, multifamily lending, construction lending, bridge lending, and U.S. Small Business Administration (SBA) lending sectors. Ready Capital generates revenue primarily through interest income on loans held for investment, gains on loan sales and securitizations, servicing income, and related fee-based activities. The company is externally managed by an affiliate of Waterfall Asset Management, LLC, an investment management firm specializing in structured credit and real estate-related investments.

The company traces its roots to a commercial real estate lending platform that expanded through acquisitions and strategic combinations over time. A significant milestone in its development was the acquisition of Knight Capital Funding and the merger with Anworth Mortgage Asset Corporation, which broadened its balance sheet, mortgage operations, and lending capabilities. Ready Capital has positioned itself as a lender focused on underserved segments of middle-market commercial real estate borrowers and small business operators, particularly in transitional or value-add property financing where larger traditional banks may have reduced participation.