{
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  "documentTitle": "Ready Capital | Results Presentation Deck | 20 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
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  "slideHref": "/slides/019de516-aff1-7177-9418-933dbac432a9/4",
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      "kind": "list",
      "text": "Net book value per share of $14.52 per common share\nTotal leverage of 3.5x and recourse leverage ratio of 1.0x1",
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      "text": "The Company completed a merger with Broadmark Realty Capital Inc., a specialty real estate finance company specializing in originating and servicing residential and commercial construction loans, to create the 4th largest commercial mortgage REIT.",
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      "text": "Initiated a new share repurchase program authorizing the repurchase of $100.0 million of the Company's common stock. The Company acquired approximately 1.7 million shares of the Company's common stock at an average price of $10.82.\nCompleted a securitization of $649 million of floating rate SBC loans and sold $509 million of senior bonds at a weighted average cost of SOFR + 2.94%",
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      "kind": "source-note",
      "text": "1. Recourse leverage ratio excludes $1.1 billion of secured borrowings that are non-recourse to the Company.",
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      "kind": "title",
      "text": "Second Quarter 2023 Results (continued)",
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      "name": "Cost Of Inaction",
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      "matchId": "072f5425-b6e4-4f47-bd17-1191bf5b156d",
      "evidence": "The deck presents financial data and metrics to demonstrate the company's performance",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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