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Ready Capital Corporation (RC)

NYSE - Nasdaq Real-time price. Currency in USD
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9.30+0.07 (+0.76%)
At close: 04:00PM EDT
9.30 +0.00 (+0.01%)
After hours: 07:53PM EDT

Ready Capital Corporation

1251 Avenue of the Americas
50th Floor
New York, NY 10020
United States
212 257 4600
https://www.readycapital.com

Sector(s)Real Estate
IndustryREIT - Mortgage
Full-time employees350

Key executives

NameTitlePayExercisedYear born
Mr. Andrew Ahlborn CPACFO & Secretary2.06MN/A1984
Mr. Gary T. TaylorChief Operating Officer1.53MN/A1959
Mr. Adam ZausmerChief Credit Officer2.06MN/A1978
Mr. Thomas Edward CapasseChairman, CEO & Chief Investment OfficerN/AN/A1957
Mr. Jack Jay Ross CPAPresident & DirectorN/AN/A1957
Mr. Brian DunnDirector of Finance DivisionN/AN/AN/A
Mr. Alex OvalleMD & National Sales ManagerN/AN/AN/A
Mr. Richard KatzensteinMD & Head of Strategic PartnershipsN/AN/AN/A
David A. CohenMD & Co-Head of the National Bridge Lending PlatformN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments. The LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and acquires purchased future receivables. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.

Corporate governance

Ready Capital Corporation’s ISS governance QualityScore as of 1 July 2024 is 7. The pillar scores are Audit: 8; Board: 8; Shareholder rights: 9; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.