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  "documentTitle": "Ready Capital | Investor Presentation Deck | 44 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-01-01 00:00:00",
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      "kind": "source-note",
      "text": "Note: Financials as of September 30, 2023; 1 Government-backed Small Business loans do not have a regulatory max leverage but have a minimum debt service coverage of 1.15:1.00",
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      "kind": "table",
      "text": "Product: Construction, Bridge, Fixed Rate/CMBS, Freddie Mac, Government-backed Small Business loans\nWA coupon: 12.00%, 9.25%, 8.75%, 6.50%, 11.00%\nFees %: 1.00%, 1.00%, 1.00%, (0.75%), -\nGain on sale %: -, -, -, 1.50%, 10.00%\nFinancing type: Warehouse, Securitization, Warehouse / securitization, Sale, Sale / securitization\nFinancing mechanism: Finance on warehouse, Finance on warehouse until securitized with CLO, Finance on warehouse until securitized with REMIC, Sell <30 days after origination; used to buy the B piece of securitization, Guaranteed piece sold shortly after origination; remaining financed until securitization\nFinancing cost: 7.75%, 7.25%, 6.75%, 0.88%, 7.20%\nMax leverage: 75% Loan-to-cost, 80% Loan-to-cost, 75% Loan-to-value, 80% Loan-to-value, -1\nLevered yield: 20.0%, 15.0%, 15.0%, -, 25.0%",
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      "kind": "title",
      "text": "Breakdown of Investment Strategy Economics",
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      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
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      "evidence": "The business model and product demo sections provide an overview of the company's solutions.",
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      "confidence": 0.8,
      "parentBeatName": "Turn",
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      "evidence": "The deck uses a golden circle structure to present the company's why, how, and what.",
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      "objective": "Why Ready Capital is a good investment opportunity",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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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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