{
  "docId": "019de516-af6f-727d-b6c6-3e781d63b07d",
  "docSlug": "ba08aa2264f25792f08a6c1a3836c5a5",
  "documentTitle": "Ready Capital | Investor Presentation Deck | 38 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 3,
  "pageCount": 38,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "other",
  "function": "establish_context",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de516-af6f-727d-b6c6-3e781d63b07d/3",
  "deckHref": "/decks/019de516-af6f-727d-b6c6-3e781d63b07d",
  "deckJsonHref": "/decks/019de516-af6f-727d-b6c6-3e781d63b07d.json",
  "deckAnchorHref": "/decks/019de516-af6f-727d-b6c6-3e781d63b07d#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.145,
        "y": 0.66
      },
      "kind": "list",
      "text": "Imbedded operating companies supported by approximately 600 employees across the Company's 10 offices",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2c001b31-37d6-4c6e-95e4-e109b035e246",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.65,
        "x": 0.145,
        "y": 0.54
      },
      "kind": "list",
      "text": "Resilient current dividend yield of 14.3%³; combination of gain-on-sale income from 3 government sponsored Opco's & NIM from “capital heavy” SBC→ Record year in pandemic",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "695bbbba-5574-4d34-b0c9-36c1b717a525",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.65,
        "x": 0.145,
        "y": 0.22
      },
      "kind": "list",
      "text": "Largest non-bank lender to both investors in and owners of small balance commercial (\"SBC”) properties with current capitalization of approximately $2.7 billion¹",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b34119b0-9cdd-4591-b4b1-00ef9891747b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.145,
        "y": 0.76
      },
      "kind": "list",
      "text": "Integrated with Waterfall Asset Management, LLC, a leading $12.1 billion global structured products investment manager with an 18-year track record",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6b74b38-9866-4023-9b58-64e519bd9aaa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.145,
        "y": 0.44
      },
      "kind": "list",
      "text": "$10.7 billion² portfolio of more than 5,600 loans diversified across 50 states & Europe with 99% senior lien",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e430be16-f8ff-4791-bfab-c33e294e3960",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.145,
        "y": 0.34
      },
      "kind": "list",
      "text": "All-weather investment strategy as a direct lender and acquiror of bulk portfolios, including distressed",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f9a6084d-d95e-42af-bcf7-616519f31ee1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.23,
        "x": 0.145,
        "y": 0.89
      },
      "kind": "source-note",
      "text": "1. Inclusive of preferred stock\n2. Excludes Paycheck Protection Program loans\n3. As of August 18, 2023",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b62db4f6-62ee-4335-a681-97f125c4bb2c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.44,
        "x": 0.045,
        "y": 0.075
      },
      "kind": "title",
      "text": "Differentiated Mortgage REIT",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3e30b7e5-e569-4587-bde4-4e90c3f6db5e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "c4508411-1b44-4222-a1e4-d4f95e710469",
      "evidence": "list/bullet: Resilient current dividend yield of 14.3%³; combination of gain-on-sale income from 3 government sponsored Opco's & NIM from “capital heavy” SBC→ Record year in pandemic",
      "confidence": 0.7
    },
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "ac4428a8-bcb8-4241-8670-ebdcf087f5d2",
      "evidence": "title/headline: Differentiated Mortgage REIT",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "d2b9e48e-da91-43ba-8b5c-0598780fd30b",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "Slides 3-5 introduce Ready Capital's differentiated mortgage REIT and diversified investment strategy",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}