Ready Capital Announces Pricing of RCMF 2023-FL12

Transaction Represents the Company’s 12th CRE CLO

NEW YORK, June 12, 2023 (GLOBE NEWSWIRE)

Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced the pricing of a $648.6 million commercial mortgage collateralized loan obligation (“CRE CLO”) transaction (“RCMF 2023-FL12”). Moody’s Investor Service, Inc. (“Moody’s”) and DBRS, Inc. (“DBRS”) assigned a “AAA” rating to the senior certificates issued in the transaction, which represents the highest credit quality and lowest risk.

This transaction marks Ready Capital’s 12th CRE CLO, demonstrating the company’s continued success in the commercial real estate market. The securitization of $648.6 million in bridge loans will provide additional liquidity for the company to fund new projects and acquisitions.

“We are pleased to announce the pricing of RCMF 2023-FL12, our latest CRE CLO transaction,” said Thomas Capasse, Chairman and Chief Executive Officer of Ready Capital. “This transaction reflects the strength of our platform and the continued demand for our financing solutions in the market.”

Ready Capital has established itself as a leader in the commercial real estate finance industry, providing innovative and flexible loan products to meet the diverse needs of its clients. The successful pricing of RCMF 2023-FL12 further solidifies the company’s position in the market and sets the stage for future growth and expansion.

How Will This Affect Me?

As a consumer, the pricing of RCMF 2023-FL12 by Ready Capital may not have a direct impact on you. However, indirectly, the transaction can benefit you by stimulating the commercial real estate market, creating more opportunities for development and investment. This can lead to job creation, economic growth, and overall prosperity in the long run.

How Will This Affect the World?

The pricing of RCMF 2023-FL12 by Ready Capital is a significant event in the financial world. It signals investor confidence in the commercial real estate market and the company’s ability to structure and manage complex financial transactions. As a result, this transaction can have a ripple effect on the global economy, attracting more investment in real estate and enhancing liquidity in the financial markets.

Conclusion

In conclusion, the pricing of RCMF 2023-FL12 by Ready Capital is a testament to the company’s expertise and reputation in the commercial real estate finance industry. This transaction not only strengthens Ready Capital’s position in the market but also has the potential to drive growth and prosperity at both the individual and global levels. It is a clear example of the company’s commitment to innovation and excellence in financial services.