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Ready Capital Closes In Excess Of $725 Million In Bridge Financing During Third Quarter, More Than $2.2 Billion Year-To-Date

Nov 08, 2021•almost 4 years ago

Description

Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced more than $725 million in closed bridge lending for its National Bridge Lending Platform. During the third quarter, Ready Capital closed more than 50 bridge loans totaling in excess of $725 million, with more than $2.2 billion closed through the end of the quarter and a positive forward-looking pipeline for Q4. The recent quarter's results build on the company's success during the first half of the year, during which Ready Capital closed 80 bridge loans totaling approximately $1.5 billion in funding.

Company Information

Company

Ready Capital Corporation

About

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 500 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.