Ready Capital Corporation operates as a real estate finance company in the United States.

The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.

It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking.

The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels.

The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program.

The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans.

The company qualifies as a real estate investment trust for federal income tax purposes.

It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018.

Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.