Ready Capital Investor Presentation Deck

Capital Structure HISTORICAL CAPITAL STRUCTURE Total Debt & Eqty ($M) Funding Mix $4,553 $7,233 $8,222 $8,531 42% 30% 7% 3% 18% Q4 2020 30% 44% 7% 2% 500 15% Q1 2021 28% 49% 643 6% % 13% Q2 2021 31% 47% 6% 1% 2% 13% Q3 2021 ■Securitized debt oblications Credit faciities and repurchase agreements Senior secured notes and Corporate debt ■Convertible senior notes Preferred Equity Common Stockholders Equity $8,859 36% 39% 9% 1% 2% 13% Q4 2021 HISTORICAL LEVERAGE 6.0 5.0 4.0 3.0 2.0 1.0 0.0 4.5x 2.2x Q4 2020 5.1x 2.3x Q1 2021 Senior Secured Notes Senior Unsecured Notes Debt-to-equity ratio Corporate Financing (in millions) Convertible Notes Baby Bonds Junior Subordinated Notes Series C Convertible Preferred Stock Series E Preferred Stock Total 5.4x 1.8x Q2 2021 READY CAPITAL. 5.9x 2.2x Q3 2021 Principal Balance $115.0 5.9x $350.0 $110.0 $305.5 $36.3 $8.4 $115.0 $1,040.2 2.7x -Recourse debt-to-equity ratio Q4 2021 Coupon 7.0% 4.5% 5.5% 5.9% 3.3% 6.3% 6.5% 5.6% 30

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