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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 52,727 $ 54,406
Restricted cash 45,303 28,921
Loans, net (including $20,434 and $22,664 held at fair value) 1,380,359 1,193,392
Loans, held-for-sale, at fair value 203,110 115,258
Mortgage backed securities, at fair value 96,181 91,937
Loans eligible for repurchase from Ginnie Mae 71,528 74,180
Investment in unconsolidated joint ventures 55,663 33,438
Derivative instruments 4,181 2,070
Servicing rights (including $84,638 and $93,065 held at fair value) 114,480 120,062
Receivable from third parties 705 8,888
Real estate acquired in settlement of loans, held for sale 60,807 7,787
Other assets 76,848 55,447
Assets of consolidated VIEs 1,961,127 1,251,057
Total Assets 4,123,019 3,036,843
Liabilities    
Secured borrowings 1,315,534 834,547
Securitized debt obligations of consolidated VIEs, net 1,465,539 905,367
Convertible notes, net 110,773 109,979
Senior secured notes, net 179,189 178,870
Corporate debt, net 104,441 48,457
Guaranteed loan financing 25,571 229,678
Liabilities for loans eligible for repurchase from Ginnie Mae 71,528 74,180
Derivative instruments 11,906 3,625
Dividends payable 18,292 13,346
Accounts payable and other accrued liabilities 81,235 74,719
Total Liabilities 3,384,008 2,472,768
Stockholders’ Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 44,421,815 and 32,105,112 shares issued and outstanding, respectively 4 3
Additional paid-in capital 720,823 540,478
Retained earnings 9,173 5,272
Accumulated other comprehensive loss (10,253) (922)
Total Ready Capital Corporation equity 719,747 544,831
Non-controlling interests 19,264 19,244
Total Stockholders’ Equity 739,011 564,075
Total Liabilities and Stockholders’ Equity $ 4,123,019 $ 3,036,843