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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

Bullboard Posts
Comment by _mvmon Dec 23, 2004 11:25pm
84 Views
Post# 8355515

RE: pp today with mutuel fund

RE: pp today with mutuel fundA little odd though considering they had over 4 million in cash on hand on September 30th on top of 2.3 Million of accounts receivables. Would make on think that raising cash is not something they needed to worry about. I like the fact that they have some more institutional support. I am invested in the Dynamic Venture Opportunities Fund as well. It gives you a nice extra tax break on top of the regular RRSP contribution break you get. One of the top funds of its kind so it is a nice endorsement that way. I imagine they went looking for a block of RDM shares to purchase rather then the other way around in this case as that is the only way the timing makes sense.
Bullboard Posts