Ready Capital Corporation Announces Closing of $220.0 Million of Senior Secured Notes

Core Viewpoint - Ready Capital Corporation announced the closing of a private placement of $220 million in Senior Secured Notes with a 9.375$220 million [1]. - The Notes have a fixed interest rate of 9.375% and are due in 2028 [1]. - The net proceeds from the private placement will be used to repay existing indebtedness and for general corporate purposes [2]. Group 2: Company Overview - Ready Capital Corporation is a multi-strategy real estate finance company that focuses on originating, acquiring, financing, and servicing commercial real estate loans [5]. - The company specializes in loans backed by various types of commercial real estate, including multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans [5]. - Ready Capital is headquartered in New York and employs approximately 500 professionals nationwide [5].