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  "documentTitle": "Ready Capital | Investor Presentation Deck | 41 slides",
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      "text": "HISTORICAL CAPITAL STRUCTURE\nTotal Debt &\nEqty ($M)\n$4,553 $7,233 $8,222 $8,531\n$8,859\nFunding Mix\n42%\n30%\n28%\n31%\n36%\n30%\n44%\n49%\n47%\n39%\n7%\n3%\n18%\n7%\n2%\n15%\n6%\n3%\n13%\n6%\n1%\n2%\n13%\n9%\n1%\n2%\n13%\nQ4 2020\nQ1 2021\nQ2 2021\nQ3 2021\nQ4 2021",
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      "text": "HISTORICAL LEVERAGE\n6.0\n5.9x\n5.9x\n5.0\n5.4x\n5.1x\n4.0\n4.5x\n3.0\n2.7x\n2.0\n2.2x\n2.3x\n2.2x\n1.8x\n1.0\n0.0\nQ4 2020\nQ1 2021\nQ2 2021\nQ3 2021\nQ4 2021\nDebt-to-equity ratio\nRecourse debt-to-equity ratio",
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      "text": "READY CAPITAL.",
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      "text": "Securitized debt oblications\nCredit faciities and repurchase agreements\nSenior secured notes and Corporate debt\nConvertible senior notes\nPreferred Equity\nCommon Stockholders Equity",
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      "text": "Corporate Financing (in millions)\nPrincipal Balance\nCoupon\nConvertible Notes\n$115.0\n7.0%\nSenior Secured Notes\n$350.0\n4.5%\nSenior Unsecured Notes\n$110.0\n5.5%\nBaby Bonds\n$305.5\n5.9%\nJunior Subordinated Notes\n$36.3\n3.3%\nSeries C Convertible Preferred Stock\n$8.4\n6.3%\nSeries E Preferred Stock\n$115.0\n6.5%\nTotal\n$1,040.2\n5.6%",
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