Ready Capital Surpasses Milestone of $10 Billion in Bridge Originations Since 2015

Trending News ☀️

Ready Capital ($NYSE:RC), a publicly traded financial services company, has achieved a major milestone by surpassing the $10 billion mark in bridge originations since the launch of its proprietary bridge loan platform in 2015. Ready Capital offers customized financing solutions to meet the needs of its clients across a range of real estate sectors. With its bridge lending platform, the company can provide flexible and cost-effective financing solutions to enable its clients to quickly respond to changing market conditions. In addition to bridge lending, Ready Capital also provides long-term, permanent financing products for a wide variety of commercial real estate and multi-family projects.

With its innovative approach to financing, the company has been able to help its clients achieve their financial goals, while also helping to stimulate the real estate market overall. Ready Capital has demonstrated its commitment to providing the highest level of customer service and financial guidance to its clients. By surpassing the $10 billion mark in bridge originations, Ready Capital has solidified its position as a leading provider of financial services to the commercial real estate industry.

Stock Price

This is a major accomplishment for the company and reflects their continued commitment to providing excellent service and providing investors with reliable and profitable investments. READY CAPITAL‘s stock opened at $10.2 and closed at the same price, signaling an increase of 0.3% from the last closing price. This further reflects investor confidence in the company and its ability to provide quality investment opportunities. READY CAPITAL has consistently demonstrated a commitment to its investors and has proven itself to be a reliable and trustworthy provider of bridge originations. The company’s $10 billion milestone is a testament to this dedication and provides a great source of pride for the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ready Capital. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ready Capital. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ready Capital. More…

Key Ratios Snapshot

Some of the financial key ratios for Ready Capital are shown below. More…

Analysis

GoodWhale has been analyzing READY CAPITAL‘s fundamentals and according to its Star Chart, the company is strong in asset and growth and medium in dividend and profitability. This suggests that READY CAPITAL is a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This type of company may be attractive to income-seeking investors and those looking for a steady return over a long period of time. However, GoodWhale has determined that READY CAPITAL has a low health score of 3/10 with regard to its cashflows and debt, making it less likely to sustain future operations in times of crisis. Investors should consider their own risk tolerance when evaluating whether or not READY CAPITAL is a suitable investment. More…

Peers

In the past decade, the commercial real estate lending landscape has shifted dramatically. New players have emerged and old ones have fallen by the wayside. Among the new breed of lenders is Ready Capital Corp, which has quickly established itself as a major player in the space. Ready Capital’s success has come at the expense of its competitors, who have been forced to adapt or die. Among those competitors are TPG RE Finance Trust Inc, ECC Capital Corp, and Manhattan Bridge Capital Inc.

– TPG RE Finance Trust Inc ($NYSE:TRTX)

TPG RE Finance Trust Inc is a publicly traded real estate investment trust that focuses on originating and acquiring senior loans collateralized by commercial real estate properties. The company’s portfolio includes office, retail, hospitality, industrial, and other types of commercial real estate properties. TPG RE Finance Trust Inc is headquartered in New York, New York.

– ECC Capital Corp ($OTCPK:ECRO)

ECC Capital Corp is a specialty finance company that provides financing solutions to small and medium-sized businesses in the United States. The company has a market cap of $7.81 million as of February 2022. ECC Capital Corp is headquartered in New York, New York.

– Manhattan Bridge Capital Inc ($NASDAQ:LOAN)

Manhattan Bridge Capital Inc is a real estate finance company that originates, services, and manages a portfolio of first mortgage loans. The Company operates in the New York metropolitan area. It offers short-term secured, non-banking loans to real estate investors to fund their acquisition, renovation, or rehabilitation of properties located in the New York metropolitan area.

Summary

Ready Capital is an active real estate investor and lender which has exhibited stellar performance since launching its bridge platform in 2015. Over the past five years, the company has originated over $10 billion in bridge loans, demonstrating its commitment to providing investors with strong returns. Ready Capital’s investment strategy focuses on short-term capital solutions, providing bridge financing and direct lending services for both acquisitions and refinancing needs.

The company has a diversified portfolio of loan types, including agency CMBS loans, fixed-rate multi-family loans, and construction and renovation loans, helping investors to diversify their portfolios. Ready Capital’s proven track record of success has been consistently demonstrated by its high return rates and low default rates, thus providing investors with safe and profitable returns.