NEW YORK, Feb. 17, 2022 — 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 multifamily properties nationwide. Ready Capital classifies multifamily loans up to $7.5 million as small balance loans.
To read the full press release click here: https://ir.readycapital.com/investor-relations/News/news-details/2022/Ready-Capital-Originates-Over-800-million-in-Small-Balance-Multifamily-Loans-in-2021/default.aspx
