RC - Ready Capital Corporation Stock Price & Dividend Safety Sector: Real Estate | Exchange: New York Stock Exchange Current Price & Safety Score Price: 1.17 USD StockBonds Safety Grade: F Altman Z-Score (Bankruptcy Risk): -0.40 StockBond Score: -3.58 Company Description Ready Capital Corporation is a USbased entity primarily engaged in the real estate finance sector Its business activities encompass the procurement generation administration servicing and funding of various loan types including commercial loans of small to moderate value SBC loans those guaranteed by the Small Business Administration SBA loans and residential mortgages Additionally it deals in mortgagebacked securities predominantly supported by SBC loans or other propertylinked financial instruments The organization conducts its operations through three distinct divisions SBC Lending and Acquisitions This division leveraging its subsidiary ReadyCap Commercial LLC creates SBC loans These loans are typically collateralized by investor properties whether stable or undergoing transition and are sourced via multiple origination avenues Small Business Lending Operating through ReadyCap Lending LLC this segment focuses on the acquisition generation and servicing of owneroccupied loans These are secured by guarantees from the SBA specifically under its Section 7a Program Residential Mortgage Banking Via its subsidiary GMFS LLC this division is responsible for initiating residential mortgage loans For federal income tax considerations the company holds the designation of a real estate investment trust REIT Consequently it typically avoids federal corporate income taxation provided it disburses a minimum of 90 of its taxable earnings to its shareholders Historically the firm operated as Sutherland Asset Management Corporation before adopting the name Ready Capital Corporation in September 2018 Established in 2007 its main office is situated in New York City New York