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  "docSlug": "feb24b9f7493f30af4978892ea7da362",
  "documentTitle": "Ready Capital | Investor Presentation Deck | 44 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
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  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-01-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 10,
  "pageCount": 44,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "market_sizing",
  "function": "size_opportunity",
  "density": "dense",
  "nDataPoints": 4,
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      "kind": "list",
      "text": "LMM CRE Lending\n$5.7tn¹ is the total commercial real estate market value estimate as of 3/31/2023\nRetrenchment of Banks from LMM CRE market\nCompetition for LMM commercial real estate loan asset acquisitions has been limited due to the portfolio management expertise required to manage these loan assets\nFragmented LMM CRE loan market provides attractive origination and acquisition opportunities",
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      "text": "Government-Backed Small Business Lending\nGovernment-backed market with $108bn in outstanding SBA 7(a) balance as of 12/31/2022\nOnly banks and approved non-bank lenders are eligible to originate loans in the program\nHighly fragmented market with approximately 25% of banks participating and a small group of non-bank lenders²\nOnly 17 non-bank lenders, including Ready Capital, are licensed under the SBA Section 7(a) program³",
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      "kind": "source-note",
      "text": "Note: As of September 30, 2023, unless otherwise noted; ¹ Vanguard and the Mortgage Bankers Association; ² Based on Ready Capital estimate; ³ As of November 1, 2023",
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      "kind": "title",
      "text": "Overview of Key Themes by Market Segment",
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      "arcName": "The Sequoia Pitch",
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      "evidence": "The deck uses a golden circle structure to present the company's why, how, and what.",
      "position": 0,
      "objective": "Why Ready Capital is a good investment opportunity",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "18128338-936b-44db-be57-e44e5c858dc1",
      "evidence": "The market sizing and business model sections imply the cost of not investing in Ready Capital.",
      "position": 1,
      "objective": "What is the cost of not investing in Ready Capital",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
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