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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 Apr 27, 2005 12:30am
186 Views
Post# 8960673

RE: Quarterly report comes on Monday!

RE: Quarterly report comes on Monday!Your questions are good. I hope you get a chance to call in and ask them. Personally I don't put as much value on the profitability aspect as I do in the top line growth of the business at this point. With their transaction based business model this should be possible but we have yet to see some real evidence of it all coming together. These next few quarters should give us that and IMO the results of this quarter should tell give us a good indication of being on the right track. Being profitable at this point should be secondary to that growth. Using their business model it makes a lot of sense to concentrate on aggresive marketing and gaining marketshare first. Once a customer is set up they should after all have plenty of time to make money from them in the years to come so why not concentrate on getting customers set up. Just my 2 cents. Thought I would put this forward as I for one really do not expect profitability right now. I really want some good news about the marketshare they are taking for themselves... PS, Cardio - relax; these guys don't bring out a newsrelease with every contract that they sign or sale that they make. There is no volume whatsoever lately, it doesn't mean that anything bad is happening. Just means the market is uninterested. Unfortunate. It will wake up one day.
Bullboard Posts