Ready Capital Corp
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market commercial real estate loans, Small Business Administration loans, construction loans, USDA loans, and mortgage-backed securities. The company operates through… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Ready Capital Corp does
In the company’s own words
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market commercial real estate loans, Small Business Administration loans, construction loans, USDA loans, and mortgage-backed securities. The company operates through two primary segments: LMM Commercial Real Estate and Small Business Lending.
The LMM Commercial Real Estate segment, representing approximately 81.4% of gross assets, originates loans across the full lifecycle of lower-to-middle-market properties through its ReadyCap Commercial subsidiary, including construction, bridge, stabilized, and agency loan origination channels. The company also originates and services multifamily loan products under the Freddie Mac Small Balance Loan program and provides construction and permanent financing for affordable housing preservation and construction through Ready Capital Affordable. This segment acquires performing and non-performing lower-to-middle-market loans, typically ranging from $500,000 to $40 million in original principal amount.
The Small Business Lending segment, comprising 18.6% of gross assets, acquires, originates, and services owner-occupied loans guaranteed by the SBA under the Section 7(a) Program through ReadyCap Lending, which holds one of only 16 non-bank Small Business Lending Company licenses. The company also originates USDA loans and small business loans through its iBusiness Funding subsidiary.
Ready Capital is externally managed by Waterfall Asset Management, LLC, an SEC-registered investment adviser specializing in lower-to-middle-market and residential mortgage loans. As of December 31, 2025, the company maintained a loan portfolio of approximately $5.9 billion across 8,931 loans diversified across 50 states and Europe. The company finances its loans primarily through term-match securitizations and other borrowings, maintaining a total leverage ratio of 3.5x. Ready Capital operates as a real estate investment trust and maintains exemption from registration as an investment company under the Investment Company Act of 1940. The company employs 442 full-time employees and maintains headquarters in New York. More information is available at readycapital.com.
Company details
- Sector
- Real Estate
- Industry
- REITs
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1527590
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Ready Capital Corp — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Ready Capital Corp’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Ready Capital Corp’s bonds, as funds hold them
Funds report holding 1 issues of Ready Capital Corp’s debt, $8.10M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.50%, maturing 2028 to 2028.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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