Ready Capital
Ready Capital Corporation is a real estate finance company based in New York, specializing in providing capital for small balance commercial loans, small business administration loans, and residential mortgage loans. Established in 2007, the company has facilitated over $3 billion in lending nationwide, focusing on multifamily and commercial real estate. Ready Capital operates through four main segments: Acquisitions, SBC Originations, SBA Originations, and Residential Mortgage Banking. The Acquisitions segment deals in both performing and non-performing small balance commercial loans, while the SBC Originations segment provides loans secured by stable or transitional properties. The SBA Originations segment focuses on owner-occupied loans guaranteed by the SBA, and the Residential Mortgage Banking segment originates loans through various channels. Ready Capital is also recognized as a real estate investment trust, allowing it to minimize federal corporate income taxes by distributing a significant portion of its taxable income to shareholders. The company was formerly known as Sutherland Asset Management Corporation and rebranded in September 2018.
Top Stages
Past deals in REIT
United Development Funding
Acquisition in 2024
United Development Funding (UDF) is a real estate investment trust based in Grapevine, Texas. Established in 2008, UDF specializes in originating, purchasing, and holding investment-secured loans for the acquisition and development of single-family residential lots, as well as the construction of new single-family homes. Additionally, UDF makes direct investments in land for development, provides credit enhancements to real estate developers, and purchases participations in securitized real estate loan pools. Through a family of public and private funds, UDF invests in the development and construction of affordable single-family homes, financing homebuilders and land developers, and offering investors the opportunity to diversify their portfolios with investments in affordable residential real estate.
Broadmark Realty Capital
Acquisition in 2023
Broadmark Realty Capital is a merchant bank that specializes in providing direct investment opportunities and financing services, primarily focusing on short-term, first deed of trust loans. Established in 1987, the company underwrites, funds, and manages a portfolio aimed at supporting the construction and development of residential and commercial properties. Broadmark Realty Capital engages in the underwriting and servicing of mortgage loans, catering to the needs of accredited investors and emerging companies. The firm is dedicated to facilitating real estate investments through its comprehensive financing and management services.
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