Ready Capital Closes in Excess of $1.5B in Bridge Financing During Q4 of 2021, More Than $3.7B for the Year

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NEW YORK, Feb. 2, 2022 — 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. “We continue to push on the momentum of 2021 as we see further opportunities to expand our bridge lending to surpass what we achieved last year.”

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