Ready Capital Investor Presentation Deck

6.0 PROFORMA LEVERAGE 5.0 4.0 3.0 2.0 1.0 Recent Events - Capital Markets / M&A COMMON STOCK OFFERING(1) January 14, 2022 CLO SECURITIZATION (2) March 10, 2022 Completed underwritten offer and sale of 7,000,000 shares of our common stock at a price of $15.30 per share 0.0 Net proceeds were contributed to our operating partnership, which in turn will use the net proceeds to originate or acquire our target assets consistent with our investment strategy and for general corporate purposes 4.5x 2.2x Q4 2020 5.1x 2.3x Q1 2021 5.4x 1.8x Q2 2021 Debt-to-equity ratio 5.9x 2.2x Q3 2021 Closed a $1.135 billion commercial mortgage collateralized loan obligation ("CRE CLO") transaction 1. Refer to recent developments section of the 2021 10-K 2. Refer to our press released dated March 10, 2022 The transaction was met with demand from 27 unique investors and provides us with non-recourse, non-mark to market, term financing Transaction represents our eighth CRE CLO since inception and largest CRE CLO issued to date 5.9x 2.7x Q4 2021 Recourse debt-to-equity ratio 4.1x 1.4x Proforma (4,5) Q4 2021 Total Debt & Equity ($M) $4,553 Funding Mix 42% PROFORMA CAPITAL STRUCTURE 30% 7% 3% 18% Q4 2020 30% 44% 7% 2% 15% 2% Completed the previously announced merger to acquire a series of privately held, real estate structured finance opportunities funds, with a focus on construction lending, managed by MREC Management LLC $7,233 $8,222 $8,531 $8,859 Following the merger Ready Capital is expected to have a proforma capital base just below $1.9B MOSAIC MERGER(3) March 16, 2022 The un-levered Mosaic portfolio results in immediate de-leveraging impact 28% 49% 6% 3% 13% 1% Q1 2021 Q2 2021 Common Stock. Equity ■Conv. Sr. Notes ■Credit Fac. & Repurchase Agmt. READY CAPITAL. 31% 47% 6% 2% 13% 3. Refer to recent developments section of the 2021 10-K, press release dated March 16, 2022 and Mosaic Real Estate Credit Transaction Overview presentation 4. Proforma represents December 31, 2021 balances adjusted to include the impact from the common stock offering, CLO securitization and Mosaic Merger Recourse debt includes credit facilities & repurchase agreements, senior secured notes & corporate debt and convertible senior notes 5. 1% 36% 39% 9% 2%1% 13% $9,466 Q4 2021 34% 37% Q3 2021 Proforma Q4 2021 ■Pref. Equity Senior Sec. Notes & Corp. Debt Securitized Debt 8% 1% 1% 19% 7 (4)

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