Welcome to our dedicated page for Ready Capital news (Ticker: RC), a resource for investors and traders seeking the latest updates and insights on Ready Capital stock.
Ready Capital Corporation (NYSE: RC) maintains an active presence in commercial real estate finance through strategic acquisitions, SBA lending programs, and residential mortgage operations. This news hub provides investors and industry professionals with verified updates directly from corporate sources and financial regulators.
Access comprehensive coverage of RC's financial developments including quarterly earnings disclosures, loan portfolio expansions, and compliance achievements. Our curated feed aggregates essential updates across all business segments: small balance commercial lending, SBA 7(a) loan servicing, and residential mortgage banking activities.
Key content includes merger/acquisition announcements, SEC filings analysis, dividend declarations, and leadership updates. All materials are sourced from official channels to ensure accuracy and timeliness for market participants.
Bookmark this page for streamlined access to Ready Capital's financial communications. Monitor operational milestones and regulatory developments through our continuously updated repository of corporate disclosures and market analyses.
Ready Capital Corporation (NYSE:RC) has entered into a definitive merger agreement to acquire several privately held real estate structured finance funds managed by MREC Management, LLC, focusing on construction lending. This merger is projected to enhance Ready Capital's equity capital base to over $1.7 billion and diversify its investment portfolio with construction assets. The deal is anticipated to be accretive to earnings and reduce leverage, with Ready Capital shareholders owning approximately 70% of the combined entity post-merger.
Ready Capital Corporation (NYSE: RC) will announce its third quarter 2021 financial results on November 4, 2021, before the NYSE opens. A conference call is scheduled for November 5, 2021, at 8:30 a.m. ET, where management will discuss the results and provide a business update. Investors can access the call through a webcast available on the company's website, with dial-in options also provided. The replay will be available post-call until November 19, 2021. Ready Capital specializes in financing small- to medium-sized commercial loans.
Ready Capital Corporation (NYSE: RC) announced the closing of a private placement of $350 million in senior secured notes due 2026 at a 4.50% interest rate. These notes are backed by a first-priority lien on certain assets and guaranteed by multiple subsidiaries. The funds will be used to redeem existing 7.50% Senior Secured Notes due 2022 and for general corporate purposes. Placement agents for this offering included Piper Sandler & Co. and Keefe, Bruyette & Woods.
Ready Capital Corporation (NYSE: RC) announced it has exceeded $1 billion in SBA 7(a) Loans, marking its position as the second-largest non-bank SBA lender in the U.S. Key year-to-date metrics include:
- Ranked #2 among non-bank SBA lenders in loan approvals
- Ranked #6 among all SBA lenders
- Top 1% in loans closed
- Closed 489 loans with a volume exceeding $616 million
Ready Capital aims to become the largest non-bank lender within three years.
Waterfall Asset Management has been recognized in Inc.'s 2021 list of founder-friendly private equity and venture capital investors. As of July 1, 2021, Waterfall managed approximately $9.7 billion in assets, focusing on structured credit and private equity across various sectors. The list highlights 146 firms actively supporting entrepreneurs, emphasizing the importance of partnership over mere financial investment. Notably, Waterfall is also the external manager for Ready Capital (NYSE: RC), which has provided over $3 billion in capital nationwide.
Peaks Strategies, a financial services PR consultancy based in New York, has announced significant growth driven by new client acquisitions and team expansion. Recently appointed as the agency of record for Ready Capital (NYSE: RC), Peaks Strategies will enhance its media and content strategy. The firm also welcomed Vaibhav Kumar as a Senior Associate to strengthen client services. Additional client acquisitions include firms in carbon capture, blockchain investment, and fintech, reflecting Peaks' commitment to innovative communication in diverse sectors.
Ready Capital Corporation (NYSE: RC) has declared a quarterly cash dividend of $0.42 per share for the quarter ended September 30, 2021, payable on October 29, 2021. Shareholders of record as of September 30, 2021, will receive the dividend. Additionally, the Company announced dividends for its preferred stock: $0.390625 for Series C Preferred Stock, payable on October 15, 2021, and $0.40625 for Series E Preferred Stock, payable on November 1, 2021.
Ready Capital Corporation (NYSE: RC) has successfully closed a $652.5 million commercial mortgage collateralized loan obligation (CRE CLO), with rights to acquire $87.8 million in future funding interests. This marks the sixth CRE CLO issued by the company, backed by a total of $2.45 billion of collateral. Moody's and DBRS assigned high ratings of Aaa(sf) and AAA(sf), respectively, to the senior certificates. The portfolio consists of 52 loans secured by 55 properties, primarily multifamily, originated post-pandemic. So far this year, the company closed over $1.5 billion across more than 70 loans.
Ready Capital Corporation (NYSE: RC) reported strong financial results for Q2 2021, with a net income of $30.9 million, equivalent to $0.38 per share, and distributable earnings of $41.4 million, or $0.52 per share. The company achieved record loan originations, totaling $1.1 billion for small-to-medium balance commercial loans and $145.7 million in SBA loans. Additionally, it maintained liquidity of $428 million and declared a dividend of $0.42 per share. The performance reflects Ready Capital's strategic growth as a prominent non-bank lender.
FAQ
What is the current stock price of Ready Capital (RC)?
What is the market cap of Ready Capital (RC)?
