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RC| Name | Value |
|---|---|
| Revenues | 270.8M |
| Cost of Revenue | 24.1M |
| Gross Profit | 246.7M |
| Operating Expense | 168.5M |
| Operating I/L | 78.2M |
| Other Income/Expense | -184.0M |
| Interest Income | 232.4M |
| Pretax | -105.8M |
| Income Tax Expense | -30.2M |
| Net Income/Loss | -76.6M |
Ready Capital Corporation is a real estate finance company in the United States. It specializes in acquiring, originating, managing, servicing, and financing small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans or other real estate-related investments. The company operates through three segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. It generates revenue by originating SBC loans secured by stabilized or transitional investor properties, acquiring and servicing owner-occupied loans guaranteed by the SBA, and originating residential mortgage loans.
