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  "documentTitle": "Ready Capital | Investor Presentation Deck | 38 slides",
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  "authorName": "Ready Capital",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "Feb. 2017 - Jan. 2018\n$180mm senior securednotes\nApr. 2018\n$50mm\nbaby bond\nDec. 2019\n$106mm equity\nfollow on\nJune 2021\n$115mm\npreferred stock\nDec. 2021\n$110mm\nsenior notes\nApr. 2022\n$120mm\nsenior notes\nSep. 2022\n$20mm\nsenior notes\n2017\n2018\n2019\n2021\n2022\n2023\nAug. 2017\n$115mm\nconvertible note\nJul. 2019 - Dec. 2019\n$104mm baby bond\nFeb. 2021\n$201mm\nbaby bond\nOct. 2021\n$350mm senior\nsecured notes\nJan. 2022\n$107.1mm\nequity follow-on\nJul. 2022\n$80mm\nsenior notes",
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      "text": "July 2014\nAcquired SBA ownership license, $570mm portfolio, and $1.2bn of SBA servicing\nrights from CIT Small Business Lending",
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      "text": "May 2023\nCompleted a merger with Broadmark Realty Capital Inc., a specialty real estate\nfinance company specializing in originating and servicing residential and commercial\nconstruction loans, to create the 4th largest commercial mortgage REIT\nFollowing the merger Ready Capital increased its capital base to $2.7B",
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      "text": "March 2019\nCompleted the $179mm acquisition of Owens Realty Mortgage\nThe transaction increased the Company's equity capitalization, supported continued\ngrowth of the Company's platform and execution of the Company's strategy, and\nprovided the Company with improved scale, liquidity and capital alternatives,\nincluding additional borrowing capacity",
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      "text": "March 2021\nCompleted the $338mm acquisition of Anworth Mortgage Asset Corporation (ANH)\nTransaction created a scaled commercial mortgage REIT with a combined capital\nbase in excess of $1bn",
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      "text": "October 2019\nAcquired Knight Capital, a technology-driven platform that provides working capital to\nsmall and medium businesses across the U.S., for $27.8mm",
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      "text": "March 2022\nCompleted merger to acquire a series of privately held, real estate structured finance\nopportunities funds, with a focus on construction lending, managed by MREC\nManagement LLC\nFollowing the merger Ready Capital increased its capital base to just below $1.9B",
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      "text": "October 2016\nBecame a public company via a merger into a subsidiary of ZAIS Financial Corp\n(ZFC) and acquired GMFS with the transaction\nZAIS was the legal surviving entity and changed its name to Sutherland Asset\nManagement Corporation; ticker symbol was changed to (NYSE: SLD)",
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      "text": "July 2021\nCompleted the ~$70mm acquisition of Red Stone LLC, a real estate finance and\ninvestment company that provides innovative financial products and services to the\nmultifamily affordable housing industry",
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      "text": "June 2020\nAs 1 of 14 non-bank SBA lenders, facilitated the fundings of ~$2.7bn of loans\nthrough Paycheck Protection Program",
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      "text": "2011\nReady Capital, then Sutherland Asset Management was founded",
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      "text": "September 2018\nSutherland Asset Management changed its name to Ready Capital Corporation\nChanged the ticker symbol to trade under (NYSE: RC)",
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      "text": "Company History and Evolution",
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      "text": "Corporate Capital Markets Activity",
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