Investor Presentaiton
Second Quarter 2021 Results (continued)
READY CAPITAL.
Current Liquidity
■ Total liquidity of $428(1) million including cash, anticipated warehouse advances,
principal and interest receivable from servicers and anticipated proceeds from
available-for-sale assets.
Capital Markets
■ Closed $232 million acquired SBC loan securitization at a 79.8% advance rate
and a weighted average cost of 1.6%
■ Closed a $500 million warehouse facility for SBC loans at 1mL plus spread by
product (2%-2.35%)
■ Issued new Series E Cumulative Redeemable 6.50% Preferred Stock securities to
redeem Series B 8.625% and Series D 7.625% Cumulative Preferred Stock
Paycheck Protection
Program-Round 2
Originated over 70,000 loans in round 2 totaling $2.2 billion through June 30th
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ANH Transaction
1. Liquidity balance as of August 2, 2021
Liquidated $1.8 billion of the agency RMBS portfolio to date, generating over $200
million of capital for reinvestment to core strategies
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