Ready Capital Announces Acquisition of Madison One [Yahoo! Finance]
Ready Capital Corproation (RC)
Last ready capital corproation earnings: 3/11 04:39 pm
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Source: Yahoo! Finance
NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”), a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, today announced that it has acquired Madison One Capital, M1 CUSO and Madison One Lender Services (together, “Madison One”), a leading originator and servicer in the highly profitable government guaranteed loan industry focusing on United States Department of Agriculture (“USDA”) and SBA guaranteed loan products. Terms of the transaction were not disclosed. The transaction will expand Ready Capital's presence in USDA lending through programs that support guaranteed loans for small businesses and energy projects in rural areas. The addition of Madison One, a leading USDA lender and servicer, meets Ready Capital's objective to diversify revenue sources and increase scale of gain-on-sale businesses. Ready Capital is already the fourth l
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- iBusiness Funding, LLC, a division of Ready Capital Corporation, Enters Definitive Agreement to Acquire Funding Circle USA (FC USA), Inc. and Return Funding Circle's Newly Acquired SBLC License to the SBAPR Newswire
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- Ready Capital Corporation Declares Second Quarter 2024 DividendsGlobeNewswire
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- 6/14/24 - Form DEF
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