Ready Capital (NYSE: RC) Rings The Opening Bell®
On July 25, 2023, the New York Stock Exchange welcomed Ready Capital to the podium to celebrate their recent merger with Broadmark Realty Capital.
Ready Capital (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans.
Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program.
Headquartered in New York, New York, the Company employs over 600 professionals nationwide.
About Waterfall Asset Management
Founded in 2005, the firm utilizes a relative value approach for sourcing and investing in the private and public markets, across 60+ sectors of the asset-based finance arena. Through this multi-sector specialization, Waterfall seeks to provide its clients a compelling risk/return profile that is generally uncorrelated to most traditional investment opportunities.
Waterfall is headquartered in New York City, with additional offices in London, Dublin, and Hong Kong. As of September 1, 2022, Waterfall manages approximately $11.2 billion in assets under management.
Ready Capital story
From our early beginnings to today, learn more about the company history and milestones that contributed to our growth in commercial real estate financing.
$11B total originations
Surpassed $11 billion in total originations and $4.9 billion YTD through December 31st.
Broadmark Realty Capital
Completed $787 million merger with Broadmark Realty Capital, Inc. (“Broadmark “) (NYSE:BRMK) a specialty real estate finance company that specializes in originating and servicing residential and commercial construction loans.
As a result of the Broadmark merger, which was a stock-for-stock transaction completed on June 1, Ready Capital’s equity capital increased to approximately $2.8 billion.