Ready Capital Investor Presentation Deck
Diversified Investment Strategy
Capital allocated opportunistically to highest ROE Operating Company across economic cycle.
Products:
Strategy:
Target Return:
History:
1. Targeted unlevered return
SBC LENDING AND
ACQUISITIONS
Investor SBC lending across 9
products (ground-up to
stabilized properties, including
middle-market construction
lending and tax-exempt
affordable housing) & portfolio
acquisitions
NIM from retained SBC portfolio
supplemented by gain on sale
income from Agency production
and originations to borrowers
6-10% (1)
Distressed acquisitions (2008),
direct lending launch (2013), 1
of 12 Freddie Mac SBL license
holders (2014), acquired bank
bridge lending team (2015),
affordable housing (2021),
construction lending (2022)
SMALL BUSINESS LENDING
Owner occupied SBC lending
through SBA 7(a), USDA &
unsecured small business. 1 of
14 non-Bank 7(a) SBA lenders
Revenue from gain on
secondary market sale, net
interest income and servicing
fees on retained interest
Prime +200-275bps
Acquired in 2014 from CIT with
originations beginning in 2015
READY CAPITAL.
RESIDENTIAL
MORTGAGE BANKING
Residential mortgage loan
originations and servicing
focused on agency market
Revenue from gain on sale of
production and servicing fees
from retained MSR
100-175bps
Acquired in 2016 as part of the
Company's acquisition of ZAIS
Financial Corp
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