Ready Capital Investor Presentation Deck
April 2021, 32 slides
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investor presentation ready capital | Ready Capital
disclaimer ready capital | Ready Capital
company overview | Ready Capital
who is ready capital only nationwide specialty finance company focused on the market compelling risk adjusted returns due to fragmentation in the market dual strategy of acquisitions and originations with extensive track record cost effective financing through and bank markets creative solutions reliable results | Ready Capital
market opportunities loans originations first lien on commercial real estate investor owner occupied appraised value generally or less square or less highly fragmented origination market market size originations a | Ready Capital
pursuing opportunities as office building by ers a ready capital | Ready Capital
a multidimensional platform to drive growth ready capital business is supported by over professionals across five offices in new york new jersey and across a variety of functions including originations surveillance underwriting finance relations capital markets trading treasury risk management asset management loan servicing | Ready Capital
financial overview nar | Ready Capital
results net income of million or per common share distributable earnings of million or per common share declared dividend of per share dividend yield over average share price return on equity of distributable return on equity of dividend yield of originations and acquisitions of billion loan originations of million residential mortgage loan originations of billion successfully met of margin calls totaling million on day of call covid response renewed warehouse facilities at term extensions into and facilitated the origination of billion of protection program loans ready capital | Ready Capital
company update successful launch of small balance commercial lending operation with million in loans originated year to date elevated activity in residential mortgage banking operations with million in year to date originations the increase in a guarantee to from is expected to drive increased volume and profitability current cash and available liquidity of million executed a year million senior unsecured bond offering pricing at stable portfolio of billion in loans with a weighted average coupon of and duration of years as well as a billion servicing asset day delinquencies remain low at in the commercial real estate portfolio and in the a portfolio active participant in second round of protection program with over billion funded year to date continued to increase scale with the announcement of the million merger business other items ready capital | Ready Capital
return on equity ready capital | Ready Capital
capital structure historical capital structure liquidity update current cash and available liquidity of million closed million in senior unsecured notes in with year maturity and coupon as of a cee ory ready corporate financing principal | Ready Capital
loan portfolio composition as of geographic location lien position collateral type collateral type | Ready Capital
financing and leverage total debt to equity ratio total recourse debt to equity ratio million of secured debt financing agency production historical leverage historical leverage | Ready Capital
appendix additional financial information ready capital | Ready Capital
diversified complementary and scalable platforms portfolio breakdown revenue breakdown | Ready Capital
ready capital | Ready Capital
balance sheet by quarter gee ready capital | Ready Capital
statement of income by quarter ready capital | Ready Capital
distributable earnings reconciliation by quarter ready capital | Ready Capital
appendix business segment information ready capital | Ready Capital
originations segment snapshot current quarter highlights gross levered yield mac loan originations of million driven by continued low rates averaging successful relaunch of originations with million closed in the quarter originations of million as of is | Ready Capital
originations acquisitions servicing segment snapshot current quarter highlights gross levered yield a loans originations of million net sales premiums peaking at and averaging net total originations of million as of ready capital | Ready Capital
loan acquisitions segment snapshot current quarter highlights gross levered yield continued acquisition flow from collapse arrangements increased opportunities emerging post year end with million pipeline portfolio metrics balance sheet i a | Ready Capital
residential mortgage banking segment snapshot current quarter highlights portfolio in billions elevated originations of billion recapture rates of average margin of for the quarter other investors ens a | Ready Capital
supported by diversity in asset types weaves sig ready capital | Ready Capital
robust origination platform nationwide presence origination volumes ready capital | Ready Capital
mac offers compelling risk adjusted returns in mac launched its small balance loan program for approved sellers to originate and sell loans on smaller rental properties under units ready capital is one of approved seller under the program loan amounts million million average sale premium of creation of servicing asset valued at a servicing multiple average net annual servicing fee of | Ready Capital
meaningful competitive advantage in a loans attractive market opportunity compelling risk adjusted returns with lender participants as guaranteed premiums hit record levels ready capital | Ready Capital
enhanced residential mortgage origination platform business description founded in has a leading southeast market share and acquired via the merger in provides a wide range of residential mortgage services including home purchase financing and refinancing and other mortgage products licensed in states approved and seller issuer hud originator and lender operates through retail branches located in south and retains mortgage servicing rights from current production origination volume by purpose purchase servicing i ready capital | Ready Capital
waterfall a successful proven asset manager waterfall consists of a dedicated team of investment professionals who have extensive experience in small balance commercial distressed asset acquisition loan origination asset management and capital markets total aum key management managing partner founder jack ross managing partner founder group employees so ready | Ready Capital
or pas listed | Ready Capital
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