Ready Capital Corporation 9.00% Senior Notes due 2029Ready Capital Corporation 9.00% Senior Notes due 2029Ready Capital Corporation 9.00% Senior Notes due 2029

Ready Capital Corporation 9.00% Senior Notes due 2029

Compare with Ready Capital Corporation 9.00% Senior Notes due 2029



Key terms


Outstanding amount
Face value
25.00USD
Minimum denomination
25.00USD
Coupon
9.00%
Coupon frequency
Quarterly
Maturity date
Dec 15, 2029
Term to maturity
3 years

Details


Sector
Finance
Industry
Real Estate Investment Trusts
Issue date
Dec 10, 2024
ISIN
US75574U8383
CUSIP
75574U838
FIGI
BBG01R3LZ0Y3
Identifiers
ISIN US75574U8383
Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in November 2011 and is headquartered in New York, NY.
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