RC - Mergers and acquisitions

Completed Sale of 47 Commercial Real Estate Loans Totaling $943 Million in Unpaid Principal Balance Collapsed RCMF 2023-FL11 and RCMF 2023-FL12, the Company's Remaining Outstanding Collateralized Loan Obligations Issued Redemption Notice to Bondholders on the Company's 6.20% Senior Unsecured Notes due July 2026 Signed a $1 Billion Arrangement to Fund the Company's Off Balance Sheet Commercial Real Estate Loan Originations  NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") today provided an update on its previously disclosed de-leveraging strategy and recent actions intended to strengthen its balance sheet. Liquidity Plan Activity The Com

NEW YORK, March 17, 2026 /PRNewswire/ -- Waterfall Asset Management ("Waterfall"), an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, and real assets, announced that its commercial real estate lending platform has closed, on behalf of its funds, a $127 million refinancing of Chesterbrook Campus. The property is a 1.1 million-square-foot, 14-building Class A office campus located in the King of Prussia/Wayne submarket within the greater Philadelphia region. Waterfall worked with Rubenstein Partners ("Rubenstein"), a vertically integrated real estate investment adviser focused on value-added office property investments, to prov

NEW YORK, March 13, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share of common stock and Operating Partnership unit for the quarter ended March 31, 2026. This dividend is payable on April 30, 2026, to shareholders of record as of the close of business on March 31, 2026. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company decla

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2025. This dividend is payable on January 30, 2026, to shareholders of record as of the close of business on December 31, 2025. "The quarter's dividend aligns with the Company's continued commitment to strengthen the balance sheet, maintain financial flexibility, and position the business for a timely recovery in profitability," said Thomas Capasse, Chairman and Chief Executive Officer. Additionally, the Company announced

FORT LAUDERDALE, Fla., Sept. 29, 2025 /PRNewswire/ -- iBusiness is proud to announce that SBA WORX, a Lending Service Provider (LSP), has selected LenderAI, iBusiness's flagship loan origination and processing technology platform, for its business. This announcement marks the injection of advanced technology into the LSP ecosystem, enabling more transparent and efficient LSP operations for the banks and lenders they support. By adopting LenderAI, LSPs can deliver faster, more accurate, scalable lending services to their bank partners.By adopting LenderAI, LSPs can deliver fast

NEW YORK, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2025. This dividend is payable on October 31, 2025, to shareholders of record as of the close of business on September 30, 2025. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Co

NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (with its affiliates, "Ready Capital" or the "Company"), a multi-strategy real estate finance company that originates, acquires, finances, and services investor and owner-occupied commercial real estate loans, today announced that it has secured ownership of Block 216 Tower, a mixed-use Project (the "Project") located in downtown Portland, Oregon. Ready Capital acquired the construction loan on the Project through its 2022 merger with Mosaic Real Estate Investors. The prior owner agreed to a consensual deed-in-lieu arrangement in which Ready Capital assumed ownership and control. All components of the Project

NEW YORK, June 14, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025. This dividend is payable on July 31, 2025, to shareholders of record as of the close of business on June 30, 2025. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company decl

NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025. This dividend is payable on July 31, 2025, to shareholders of record as of the close of business on June 30, 2025. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company decl

  iBusiness Funding (iBF), the technology and lending services division of Ready Capital Corporation (NYSE:RC), today announced the launch of Lendsey AI – the industry's first agentic AI platform specifically designed for SMB lending. The business banking technology innovator also announced a $100 million commitment toward the advancement and integration of AI across its platform. "Today marks a major change for the way small businesses access capital," said Justin Levy, CEO of iBusiness Funding. "Lendsey AI is both borrower- and lender-facing, augmenting both sides of the lending process with instant feedback and actually executing work on behalf of the borrower and lender. This announce

NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced acquisition of United Development Funding IV ("UDF IV") (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of November 29, 2024, by and among Ready Capital, RC Merger Sub IV, LLC, and UDF IV. The combined company will conduct business under the name "Ready Capital Corporation" and will continue to trade on the New York Stock Exchange under the ticker symbol "RC." At the effective time of the Merger, each outstanding common share of beneficial interest, par value $0.01 per share, of

NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE:RC), a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor- and owner-occupied commercial real estate loans, today announced that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to $150.0 million of the Company's common stock. Repurchases under the stock repurchase program may be made at management's discretion from time to time on the open market, in privately negotiated transactions or otherwise, in each case subject to compliance with all Securities and Exchange C

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2024. This dividend is payable on January 31, 2025, to shareholders of record as of the close of business on December 31, 2024. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Compan

Adds scale and extends Ready Capital's core platform with UDF IV's proven land development lending platform Diversifies Ready Capital's portfolio and offers land development solution to borrowers and investors Expected to be accretive to Ready Capital's earnings and book value in 2025UDF IV shareholders may receive up to $5.89 per UDF share through a combination of: (i) pre-closing distributions of UDF IV's own cash from its balance sheet valued at up to $75 million, or $2.44 per share, (ii) shares issued at closing by Ready Capital for UDF IV shares valued at $94 million, or $3.07 per share, and (iii) contingent value rights with estimated future value of up to $12 million, or $0.

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2024. This dividend is payable on October 31, 2024, to shareholders of record as of the close of business on September 30, 2024. "After careful consideration, the Board of Directors made the strategic decision to better align the dividend with our long-term growth objectives," said Thomas Capasse, Chief Executive Officer and Chairman of the Board of Directors. "We remain confident that our earnings will continue to migrat

FORT LAUDERDALE, Fla., June 24, 2024 /PRNewswire/ -- iBusiness Funding LLC (iBusiness), the technology and lending services division of Ready Capital Corporation (NYSE:RC), and Funding Circle Holdings plc are pleased to announce a share purchase agreement, positioning iBusiness Funding, LLC as the new owner of FC USA and its subsidiaries, contingent on the return of its Small Business Lending Company (SBLC) license to the SBA. Founder and CEO of iBusiness Funding LLC Justin Levy expressed his enthusiasm, saying, "We are thrilled to welcome the exceptional FC USA team to the iB

NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2024. This dividend is payable on July 31, 2024, to shareholders of record as of the close of business on June 28, 2024. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company decla

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company"), a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, today announced that it has acquired Madison One Capital, M1 CUSO and Madison One Lender Services (together, "Madison One"), a leading originator and servicer in the highly profitable government guaranteed loan industry focusing on United States Department of Agriculture ("USDA") and SBA guaranteed loan products. Terms of the transaction were not disclosed. The transaction will expand Ready Capital's presence in USDA lending through programs

NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended March 31, 2024. This dividend is payable on April 30, 2024, to shareholders of record as of the close of business on March 28, 2024. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company decla

NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today announced its Affordable Multifamily division, formerly known as Red Stone, hit record volumes of approximately $1.1 billion in 2023, up more than 25% year-over-year. With a cumulative 43 transactions, the banner year helped facilitate the preservation and creation of almost 6,000 affordable apartment homes across the United States, driven by innovative financial products and services to the multifamily affordable housing industry. "The speed and cer

NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2023. This dividend is payable on January 31, 2024, to shareholders of record as of the close of business on December 29, 2023. The quarterly dividend reflects the impact on earnings of lower leverage and portfolio yield compression due to the ongoing integration of the Broadmark portfolio. The Company expects earnings to migrate towards historical return targets over the course of 2024 as increased liquidity is deployed in

NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced they are furthering their partnership with Esusu by donating to the Stable Home Fund. Esusu is the leading financial technology company that leverages rent reporting for credit building. The Stable Home Fund is a 501(c)(3) public charity organization that provides rent relief funds to help keep renters in their homes during times of financial distress. To meet the eligibility requirements for rent relief funds, renters must live in th

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced that Red Stone Tax Exempt Funding, which was acquired in 2021, has formally assumed the Ready Capital brand across all aspects of its business. Following a highly successful 2022 in which origination volume surpassed $730 million, the team is on target to meet or exceed that level in 2023 and will continue to provide innovative affordable lending products in support of multifamily affordable housing, consolidating under the Ready Capi

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced new financing products following a successful merger with Broadmark Realty Capital which brought niche construction lending strengths to this blended offering. The Small Balance Construction and Residential Finance program provides loans from $5 million to $20 million and includes the following project types: Development and construction financing for multifamily, Build-to-Rent (BTR), and lot development for residential developers. T

NEW YORK, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2023. This dividend is payable on October 31, 2023, to shareholders of record as of the close of business on September 29, 2023. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Com

NEW YORK, July 12, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced a partnership with Esusu, the leading financial technology company leveraging rent reporting for credit building to empower renters in the Ready Capital ecosystem. The partnership allows Ready Capital to offer Esusu's services to their borrowers and respective tenants, creating a positive outcome for renters and property owners. Esusu's technology reports on-time rent payments to the major credit bureaus (Equifax, Experian and TransUn

NEW YORK, June 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on July 14, 2023, to Series C Preferred stockholders of record as of the close of business on June 30, 2023. The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on July 31, 2023, to Series E Preferred stockhol

NEW YORK, June 12, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced the pricing of a $648.6 million commercial mortgage collateralized loan obligation ("CRE CLO") transaction ("RCMF 2023-FL12"). Moody's Investor Service, Inc. ("Moody's") and DBRS, Inc. ("DBRS") assigned a "AAA" rating, to the seniormost certificates, with DBRS providing ratings to the remaining classes of the transaction.  The transaction, issued by Ready Capital Mortgage Financing 2023-FL12, LLC, represents the Company's twelfth CRE CLO since inception, with the Company's total CRE CLO issuance totaling approximately $7.5 billion of collateral UPB, combined.

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE:RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today announced that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to $100.0 million of the Company's common stock. Repurchases under the stock repurchase program may be made at management's discretion from time to time on the open market, in privately negotiated transactions or otherwise, in each case subject to compliance with all Securities and Exchange Commission rules and other legal require

NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced merger ("Merger") pursuant to the terms of the Merger Agreement, dated as of February 26, 2023, by and among Ready Capital, a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark"), a specialty real estate finance company that specializes in originating and servicing residential and commercial construction loans, and RCC Merger Sub, LLC, a Delaware limited liability company and wholl

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that at the special meeting of stockholders held today, conducted by means of a virtual meeting held live over the internet, its stockholders approved the issuance of the Company's common stock pursuant to the terms of the previously announced merger agreement with Broadmark Realty Capital Inc. ("Broadmark"). Pursuant to the merger agreement, Ready Capital will acquire Broadmark through Broadmark's merger with and into a wholly owned subsidiary of Ready Capital (the "Merger"). The Merger is expected to close on May 31, 2023, subject to customary closing conditi

FORT LAUDERDALE, Fla. , May 26, 2023 /PRNewswire/ -- iBusiness Funding, LLC, a leading provider of innovative lending solutions like LenderAI and Lending as a Service (LaaS), today announced a correction to the 4th paragraph of its press release sent out on May 18, 2023. In the original version of the release, the 4th paragraph read: As a result of the acquisition, iBusiness Funding plans to leverage the acquired team's expertise to continue growing its LaaS business and expand into new areas including general partner lending, construction loans, and multi-draw lending. This acquisition will also enable iBusiness Funding to relaunch its SBA micro and express loan programs supported by their

NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today announced that Red Stone, a Ready Capital company acquired in 2021, is pleased to confirm the completion and grand opening of a vital renovation project that will house 120 formerly homeless veterans in renovated buildings in West Los Angeles (LA), adjacent to Brentwood. Red Stone provided the construction and permanent tax-exempt bond financing in the amount of $39,000,000. The opening of "Buildings 205 and 208" on the Veterans Affairs West LA Campus

Leading lending solution provider completes acquisition to fuel growth FORT LAUDERDALE, Fla., May 18, 2023 /PRNewswire/ -- iBusiness Funding, LLC, a leading provider of innovative lending solutions like LenderAI and Lending as a Service (LaaS), today announced the acquisition of select non-SBA assets and talent from Fountainhead SBF LLC. This strategic acquisition is part of iBusiness Funding's ongoing commitment to deliver a broader range of financial solutions to its growing customer base. The acquired assets from Fountainhead will enhance iBusiness Funding's ability to prov

NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") announced that its Board of Directors declared two dividends to common stockholders and operating partnership unitholders totaling $0.40. The first, a prorated dividend of $0.26 per share of common stock and operating partnership unit (the "Prorated Dividend"). The Prorated Dividend is payable June 15, 2023 to common stockholders and operating partnership unitholders of record as of the close of business on May 30, 2023. The Prorated Dividend was declared by the Board of Directors in accordance with the Agreement and Plan of Merger, dated as of February 26, 2023 (the "Merger A

NEW YORK, April 12, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation announced today that as of the first quarter of 2023, it exceeded $10 billion in bridge originations, comprising over 500 loans, since the launch of its bridge program in 2015. "Since the inception of our bridge lending platform, we have provided certainty of execution for our clients," said David A. Cohen, Chief Production Officer. "Our success can be attributed to the breadth of our bridge lending products and our ability to quickly pivot with evolving market conditions, our ability to creatively structure loans to fit our clients' business plans, and our up-front credit process." About Ready Capital CorporationRead

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock and Operating Partnership unit for the quarter ended March 31, 2023. This dividend is payable on April 28, 2023, to shareholders of record as of the close of business on March 31, 2023. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company decla

− Transaction will create the 4th largest commercial mortgage REIT with a capital base of $2.8 billion – − Highly synergistic platforms and capital optimization will drive strong earnings per share accretion in 2024 and sustained long-term growth − − Expected value at closing of approximately $787 million − NEW YORK, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, and Broadmark Realty Capital Inc. (NYSE:BRMK) ("Broadmark"), a specialty real estate finance company that specializes in originating and servicing resi

NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2022. This dividend is payable on January 31, 2023, to shareholders of record as of the close of business on December 30, 2022, which is the effective record date since December 31, 2022, is not a business day. "Over the past six quarters, we have delivered an above average dividend yield to our investors during the

NEW YORK, Oct. 19, 2022 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE:RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today announced that it closed over $800 million across more than 60 commercial real estate loans during the three months ended September 30, 2022.  "Our clients have confidence in Ready Capital's proven ability to deliver certainty of execution," said Thomas Capasse, Ready Capital's Chairman and Chief Executive Officer. "Even durin

NEW YORK, Sept. 29, 2022 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE:RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today announced the Board of Directors authorized an increase in the size of the Company's existing stock repurchase program by an additional $25.0 million, bringing the total amount authorized under the program to $50.0 million. Repurchases under the stock repurchase program may be made at management's discretion from time to time on the open market, in privately negotiated transactions or otherwise, in each case subject to compliance with all S

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2022. This dividend is payable on October 31, 2022 to shareholders of record as of the close of business on September 30, 2022. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Sto

LONDON and NEW YORK, July 13, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced Starz Real Estate (Starz), a pan-European commercial real estate lending platform has formed a new joint venture with Ready Capital Corporation (NYSE:RC), a commercial mortgage REIT headquartered in New York, to originate circa €300m of new commercial real estate loans over the next two years. The new joint venture will focus on deploying commercial real estate bridge and term loans between €10m and €40m in size across the UK, Benelux, Dach

Recent Securitizations add to Liquidity and Balance Sheet Strength NEW YORK, July 12, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced robust origination activity for its commercial real estate and small business lending platforms during the second quarter of 2022, supported by successful capital raising and securitization activity.  During the quarter, Ready Capital originated an aggregate $1.2 billion in commercial real estate and small business lending volume. Within commercial real estate, the Company's Bridge len

NEW YORK, June 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2022. This dividend is payable on July 29, 2022 to shareholders of record as of the close of business on June 30, 2022. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its

NEW YORK, May 9, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced another Company record for small loan closings (loans from $10,000 to $350,000) funding over fifty-five (55) SBA 7(a) small loans in April. The Company attributes this success and continuous growth to using a technology platform called LenderAI by iBusiness Funding LLC ("iBusiness Funding"), which is now available to all lenders. "LenderAI has enabled us to scale up and support the smallest businesses, a key objective for us," said John Moshier, Presiden

NEW YORK, April 26, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced more than $1.9 billion in closed origination for its National Bridge Lending Platform. During the first quarter, Ready Capital closed more than 70 bridge loans totaling more than $1.9 billion. The recent quarter's results build on the company's success during 2021, during which Ready Capital closed 180 bridge loans totaling approximately $3.7 billion in funding. "We started 2022 in a position of strength by following through on our commitment to the d

NEW YORK, March 16, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced mergers ("Mergers") pursuant to the terms of the Merger Agreement, dated as of November 3, 2021, as amended on February 7, 2022, by and among Ready Capital, Mosaic Real Estate Credit, LLC ("MREC"), Mosaic Real Estate Credit TE, LLC ("MREC TE"), MREC International Incentive Split, LP ("MREC IIS," and together with MREC and MREC TE, the "Mosaic Merger Entities"), Mosaic Real Estate Credit Offshore, LP, MREC Corp Sub 1 (VO), LLC, MREC Corp Sub 2 (LA Office), LLC, MREC Corp Sub 3 (Superblock), LLC, Mosaic Special Member, LL

NEW YORK, March 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended March 31, 2022. This dividend is payable on April 29, 2022 to shareholders of record as of the close of business on March 31, 2022. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company declared a div

NEW YORK, March 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that at the special meeting of stockholders held today, conducted by means of a virtual meeting held live over the internet, its stockholders approved the issuance of the Company's common stock ("Common Stock") pursuant to the terms of the previously announced merger agreement pursuant to which Ready Capital has agreed to acquire via mergers (the "Mergers") a series of privately held, real estate structured finance opportunities funds with a focus on construction lending (the "Mosaic Funds") managed by MREC Management, LLC (the "Mosaic Manager"). Following the merge

NEW YORK, March 9, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital") today announced that it has expanded its SBA 7(a) lending program to support the most underserved businesses by utilizing proprietary technology to underwrite loans as small as $10,000. Through its small business lending unit, Ready Capital can now consider loans from $10,000 to $5,000,000 for its 7(a) lending program. The Small Business Administration (SBA) identifies loans smaller than $350,000 as 7(a) Small Loans. "By expanding our 7(a) capabilities, we can finance an even broader range of eligible businesses, with greater efficiency and transparency," said John Moshier, President of Small Busin

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital") today announced that it was recently named a top-five contributor to the Optigo Small Balance Loan program by Freddie Mac, originating in excess of $525 million in 2021. This recognition caps a year in which Ready Capital originated in aggregate over $800 million of small balance multifamily transactions collateralized by more than 260 properties, exceeding its previous record set in 2020. Ready Capital's strong production included over $270 million of Bridge-to-Small Balance Agency transactions. This unique small balance bridge product provides flexible solutions to investors of value-add multifami

NEW YORK, Feb. 2, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced the closing of more than 60 bridge loans totaling more than $1.5 billion for its National Bridge Lending Platform during the fourth quarter. The recent quarter's results build on the company's success during 2021, during which Ready Capital closed 180 bridge loans totaling approximately $3.7 billion in funding. "We closed out 2021 with another quarter of exceptional production showcasing our pledge to produce unique loan structures to meet the demands of our diverse clients," said David A. Cohen, Managing Director and Co-Head of the National Bridge Lending platform. "

NEW YORK, Dec. 14, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2021. This dividend is payable on January 31, 2022 to shareholders of record as of the close of business on December 31, 2021. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock"), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"). The Company declare

NEW YORK, Dec. 13, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced the closing for the acquisition, renovation, and stabilization of a five-property, 1,070-unit, garden style, multifamily portfolio located across multiple submarkets of the Dallas-Fort Worth metropolitan statistical area (MSA). This transaction is the largest of several notable Bridge deals closed by Ready Capital's Bridge team during 2021.  Ready Capital closed in November the non-recourse, interest only, floating rate loan which features a 36-month term, two extension options, and flexible prepayment. The Sponsor, WindMass Capital, will implement a capital improvem

NEW YORK, Dec. 6, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced the addition of Richard Katzenstein and Alex Ovalle as Managing Directors and members of the senior leadership team, both reporting to CEO Tom Capasse.   Richard Katzenstein joins as Head of Strategic Partnerships charged with increasing commercial real estate lending volume through a variety of existing and newly formed strategic partner relationships and strengthening loan sourcing channels. Alex Ovalle joins as National Sales Manager to drive momentum for the Structured Fixed Rate and CMBS platforms at Ready Capital, as well as lead the development of a constructio

NEW YORK, Nov. 15, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced the pricing of a $927.2 million commercial mortgage collateralized loan obligation ("CRE CLO") transaction with the limited right to acquire all or part of $135.2 million in future funding participation interests. Moody's Investor Service, Inc. ("Moody's") and DBRS, Inc. ("DBRS") assigned a "AAA" rating, to the senior most certificates, with DBRS providing ratings to the remaining classes of the transaction.  Upon closing, the transaction, issued by Ready Capital Mortgage Financing 2021-FL7, LLC ("RCMF FL7"), will represent the Company's seventh CRE CLO since incep

NEW YORK, Nov. 12, 2021 /PRNewswire/ -- Red Stone, a leading provider of real estate finance services to the multifamily affordable housing industry and wholly-owned subsidiary of Ready Capital Corporation (NYSE:RC) ("Ready Capital"), today announced that it has closed two sizeable affordable housing construction deals, in Portland and Las Vegas respectively. The $34.5 million construction and permanent financing of a new 214-unit affordable housing community in downtown Portland known as Tiller Terrace marks the first deal Red Stone has done in Oregon. The property is located in the Goose Hollow neighborhood of downtown Portland and will offer many tenant amenities including a community ro

NEW YORK, Nov. 8, 2021 /PRNewswire/ -- 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. "Another quarter of extraordinary production validates our commitmen

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans, announced today that it has entered into a definitive merger agreement pursuant to which Ready Capital has agreed to acquire a series of privately held, real estate structured finance opportunities funds, with a focus on construction lending, managed by MREC Management, LLC (the "Mosaic Manager"). Following the mergers, Ready Capital is expected to have a pro forma equity capital base in excess of $1.7 billion.  The acquisition is expected to further expand R