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Ready Capital Corp T.RC


Primary Symbol: RC Alternate Symbol(s):  RC.PR.C

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property including construction, bridge, stabilized and agency loan origination channels through its wholly owned subsidiary, ReadyCap Commercial, LLC. These originated loans are generally held-for-investment or placed into securitization structures. As part of this segment, it originates and services multi-family loan products under the Freddie Mac SBL program. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the Small Business Administration (SBA) under its SBA Section 7(a) Program through its wholly owned subsidiary, ReadyCap Lending, LLC.


NYSE:RC - Post by User

Comment by paperbullon Jul 28, 2016 9:47am
124 Views
Post# 25091308

RE:Predictions for tomorrow's market release? :)

RE:Predictions for tomorrow's market release? :)Biggest takeaway from conf call (for me) Company is currently pursuing a few large contracts each with over 4K seats possible. Two of these will be decided Nov-Jan. The pipeline has potential of boosting seats 25% from 47,500 to around 60,000 and thatd be recurring revenue folks. Pure conjecture at this point and contingent upon landing 2 or more large contracts but the possibility is out there. In the meantime steady income growth, solid 1.8% dividend that (should be) reviewed at Q4. Next 6 months should / could be fun. Question was raised re: stockpile of cash, special dividend. Unconvincing answer IMO.
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