Ready Capital Corporation (NYSE: RC) is a publicly traded real estate finance company specializing in loans backed by commercial real estate and government-guaranteed small business lending. Founded in 2007 and headquartered in New York City, Ready Capital operates as a mortgage REIT and is externally managed by Waterfall Asset Management.
The firm’s commercial real estate platform focuses on lower-to-middle-market (LMM) assets, offering construction, bridge, stabilized, and agency multifamily loans. Its origination strategy is centered on high-conviction sectors, superior markets, and strong sponsors, with capital allocated across transitional and stabilized asset types. Ready Capital is a top 5 Freddie Mac Small Balance Loan (SBL) lender and maintains a complementary bridge-to-agency program.
In addition to CRE finance, Ready Capital is a leading non-bank SBA lender, ranking #1 among non-bank institutions and #4 overall in the SBA 7(a) program. It is one of only 16 non-bank license holders nationwide and also originates USDA loans under the OneRD Initiative. These programs support underserved and rural communities, with loan sizes ranging from $350,000 to $25 million
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