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  "documentTitle": "Ready Capital | Investor Presentation Deck | 38 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
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  "presentationDate": "2023-03-01 00:00:00",
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      "text": "READY CAPITAL.",
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      "text": "Targeted unlevered return",
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      "text": "SBC LENDING AND ACQUISITIONS\nProducts: Investor SBC lending across 9 products (ground-up to stabilized properties, including middle-market construction lending and tax-exempt affordable housing) & portfolio acquisitions\nStrategy: NIM from retained SBC portfolio supplemented by gain on sale income from Agency production and originations to borrowers\nTarget Return: 6-10%(1)\nHistory: Distressed acquisitions (2008), direct lending launch (2013), 1 of 12 Freddie Mac SBL license holders (2014), acquired bank bridge lending team (2015), affordable housing (2021), construction lending (2022)\nSMALL BUSINESS LENDING\nOwner occupied SBC lending through SBA 7(a), USDA & unsecured small business. 1 of 14 non-Bank 7(a) SBA lenders\nRevenue from gain on secondary market sale, net interest income and servicing fees on retained interest\nPrime +200-275bps\nAcquired in 2014 from CIT with originations beginning in 2015\nRESIDENTIAL MORTGAGE BANKING\nResidential mortgage loan originations and servicing focused on agency market\nRevenue from gain on sale of production and servicing fees from retained MSR\n100-175bps\nAcquired in 2016 as part of the Company's acquisition of ZAIS Financial Corp",
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      "kind": "title",
      "text": "Capital allocated opportunistically to highest ROE Operating Company across economic cycle",
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      "text": "Diversified Investment Strategy",
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