Ready Capital Corporation 5.5% 30-DEC-2028Ready Capital Corporation 5.5% 30-DEC-2028Ready Capital Corporation 5.5% 30-DEC-2028

Ready Capital Corporation 5.5% 30-DEC-2028

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RC5326499 analysis



Key facts


Issue date
Dec 21, 2021
Maturity date
Dec 30, 2028
Outstanding amount
‪110.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
5.50% (Fixed)
Yield to maturity
10.30%
Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in November 2011 and is headquartered in New York, NY.
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