Ready Capital Investor Presentation Deck

Experienced Management Team Name & position Thomas Capasse Principal Waterfall Asset Management Jack Ross Principal Waterfall Asset Management Thomas Buttacavoli Managing Director Waterfall Asset Management Andrew Ahlborn Managing Director Waterfall Asset Management Gary Taylor Chief Operating Officer Ready Capital Corporation John Moshier President ReadyCap Lending Adam Zausmer Managing Director Waterfall Asset Management Tim Geraghty Managing Director Waterfall Asset Management Chairman of the Board, CEO Ready Capital Corporation President and Director Ready Capital Corporation Chief Investment Officer Ready Capital Corporation Chief Financial Officer Ready Capital Corporation Chief Operating Officer Ready Capital Corporation President of Small Business Lending Ready Capital Corporation Chief Credit Officer Ready Capital Corporation Head of Capital Markets Ready Capital Corporation Background ■ ■ ■ I ■ I ■ I ■ Managing Director of Waterfall Asset Management Previously served as Controller of Ready Capital from 2015-2019 ■ Licensed CPA in New York I ■ ■ ■ ■ ■ Manager and Co-Founder of Waterfall Asset Management 35+ years of structured credit experience globally Co-founded Merrill Lynch's ABS group in the 1980s ■ READY CAPITAL. Principal and Co-Founder of Waterfall Asset Management Previously founded Licent Capital, a specialty broker/dealer for intellectual property securitization Managed the Real Estate Finance and ABS groups at Merrill Lynch from 1987-1999 Partner and Chief Investment Officer of Waterfall Asset Management Previously served as structured finance analyst at Licent Capital, strategic planning analyst at BNY Capital Markets and Financial Analyst at Merrill Lynch Chief Operating Officer of Ready Capital Corporation Previously served as President and Chief Operating Officer of Newtek Business Credit from May 2015- March 2019 President of ReadyCap Lending 20+ years in the lending industry; focused on small business relationships and management U.S. Small Business Administration (SBA) loan programs for the past 15 years Chief Credit Officer of Ready Capital Corporation 20+ years in commercial real estate lending Previously served as a senior underwriter at J.P. Morgan Chase's Commercial Term Lending business Head of Capital Markets of Ready Capital Corporation and Waterfall Asset Management 15+ years in financial services industry Previously served as Vice President at Deutsche Bank Group in Structured Credit Group 5

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