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  "documentTitle": "Ready Capital | Mergers and Acquisitions Presentation Deck | 22 slides",
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  "authorName": "Ready Capital",
  "documentKindSlug": "press-release",
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  "presentationDate": "2023-02-01 00:00:00",
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  "pageNumber": 17,
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      "kind": "list",
      "text": "Transaction provides access to an incremental $500+ million in liquidity for the first 12 months post-transaction via BRMK's existing cash on balance sheet, portfolio run-off, and secured leverage opportunities for the existing portfolio",
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      "text": "Transaction provides access to a largely unencumbered portfolio and liquid balance sheet, which is supported by proven asset management and capital markets capabilities. Combined company will seek to optimize the balance sheet through prudent and conservative leverage",
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      "text": "Note: Financial data as of December 31, 2022.\n1. Includes unrestricted cash, unencumbered loans and securities, and select other assets.\n2. Includes transaction expenses.",
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      "text": "Unrestricted Cash: Standalone $164, Pro Forma $219, Increase $55\nUnencumbered Assets¹: Standalone $1,069, Pro Forma $2,094, Increase $1,025\nTotal Shareholders' Equity²: Standalone $1,890, Pro Forma $2,791, Increase $901\nRecourse Debt / Equity: Standalone 1.5x, Pro Forma 1.0x, Increase (0.5x)\nTotal Debt / Equity: Standalone 5.1x, Pro Forma 3.4x, Increase (1.7x)",
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      "evidence": "table/data: Unrestricted Cash: Standalone $164, Pro Forma $219, Increase $55 Unencumbered Assets¹: Standalone $1,069, Pro Forma $2,094, Increase $1,025 Total Shareholders' Equity²: Standalone $1,890, Pro Forma $2,791, In",
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