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  "documentTitle": "Ready Capital | Results Presentation Deck | 20 slides",
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  "authorName": "Ready Capital",
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  "presentationDate": "2023-05-01 00:00:00",
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      "text": "GROSS LEVERED YIELD, Q1 2022, Q2 2022, Q3 2022, Q4 2022, Q1 2023, 1.3%, 0.9%, 1.0%, 0.5%, 0.6%, 11.5%, 11.3%, 10.5%, 11.1%, 10.9%",
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      "text": "Bridge loan originations of $110.2 million at average spread of plus 596 bps\nSBC money up pipeline of $1.2 billion, including $137.5 million funded in April, with average spread of plus 512 bps\nMosaic Acquired Assets protected against losses due to a $61 million contingent equity right reserve",
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      "kind": "source-note",
      "text": "1. Excludes joint venture investments\n2. 72% of fixed rate loans match funded\n3. Includes realized and unrealized gains (losses) on loans held for sale and MSR creation\n4. Includes interest income, accretion of discount, and servicing income net of interest expense and amortization of deferred financing costs\n5. Includes originated SBC floating rate loans that are included in our RCMT securitization and therefore, categorized as Fixed/CMBS\n6. Loans with the \"Other\" classification are generally SBC acquired loans that have nonconforming characteristics for the Fixed rate, Bridge, or Construction categories\n7. Gross of general reserves",
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      "kind": "table",
      "text": "PRODUCT TYPE, LOAN COUNT(1), UPB, BOOK VALUE(7), WA LTV, WA COUPON, FIXED/FLOAT (2), 60+ Days Past Due, FIXED RATE(5), BRIDGE, CONSTRUCTION (POST MOSAIC), MOSAIC ACQUIRED ASSETS, OTHER(6), ORIGINATED, ACQUIRED",
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      "text": "SBC Lending and Acquisitions",
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