{
  "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": 4,
  "pageCount": 38,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "business_model",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 5,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de516-af6f-727d-b6c6-3e781d63b07d/4",
  "deckHref": "/decks/019de516-af6f-727d-b6c6-3e781d63b07d",
  "deckJsonHref": "/decks/019de516-af6f-727d-b6c6-3e781d63b07d.json",
  "deckAnchorHref": "/decks/019de516-af6f-727d-b6c6-3e781d63b07d#slide-4",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.09,
        "x": 0.09,
        "y": 0.23
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "icon-grid",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3975d991-9659-450b-a4fc-f868ae5a0642",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.168,
        "x": 0.792,
        "y": 0.06
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f16d7291-7f41-4d30-b138-f77277e7f1b0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.519,
        "w": 0.104,
        "x": 0.09,
        "y": 0.405
      },
      "kind": "list",
      "text": "Products:\nStrategy:\nTarget Return:\nHistory:",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f782b34e-d435-489f-8664-a82ae55b04cc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.69,
        "x": 0.202,
        "y": 0.239
      },
      "kind": "paragraph",
      "text": "Capital allocated opportunistically to highest ROE Operating Company across economic cycle",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1df43cac-e44f-4c71-8c96-a56c88b61a37",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.012,
        "w": 0.16,
        "x": 0.09,
        "y": 0.962
      },
      "kind": "source-note",
      "text": "1. Targeted unlevered return",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9fcd7d44-ba96-4e4c-8f81-29b72d74698c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.63,
        "w": 0.738,
        "x": 0.213,
        "y": 0.295
      },
      "kind": "table",
      "text": "SBC LENDING AND ACQUISITIONS\nSMALL BUSINESS LENDING\nRESIDENTIAL MORTGAGE BANKING\nProducts:\nInvestor SBC lending across 9 products (ground-up to stabilized properties, including middle-market construction lending and tax-exempt affordable housing) & portfolio acquisitions\nOwner occupied SBC lending through SBA 7(a), USDA & unsecured small business. 1 of 14 non-Bank 7(a) SBA lenders\nResidential mortgage loan originations and servicing focused on agency market\nStrategy:\nNIM from retained SBC portfolio supplemented by gain on sale income from Agency production and originations to borrowers\nRevenue from gain on secondary market sale, net interest income and servicing fees on retained interest\nRevenue from gain on sale of production and servicing fees from retained MSR\nTarget Return:\n6-10%(1)\nPrime +200-275bps\n100-175bps\nHistory:\nDistressed 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)\nAcquired in 2014 from CIT with originations beginning in 2015\nAcquired in 2016 as part of the Company’s acquisition of ZAIS Financial Corp",
      "attrs": {
        "rows": 4,
        "columns": 3
      },
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c9312353-f8dc-472a-869f-2614529fc343",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.429,
        "x": 0.048,
        "y": 0.08
      },
      "kind": "title",
      "text": "Diversified Investment Strategy",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "474dd0b8-56ff-4f53-87aa-7c6e60588aab",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "97e206be-3c71-4635-853e-217790310403",
      "evidence": "table/data: SBC LENDING AND ACQUISITIONS SMALL BUSINESS LENDING RESIDENTIAL MORTGAGE BANKING",
      "confidence": 0.5
    }
  ],
  "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
}