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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 122,265 $ 67,928
Restricted cash 93,164 51,728
Loans, net (including $19,813 and $20,212 held at fair value) 1,969,052 1,727,984
Loans, held-for-sale, at fair value 306,328 188,077
Mortgage backed securities, at fair value 78,540 92,466
Loans eligible for repurchase from Ginnie Mae 77,605 77,953
Investment in unconsolidated joint ventures 53,379 58,850
Purchased future receivables, net 49,150 43,265
Derivative instruments 17,756 2,814
Servicing rights (including $78,631 and $91,174 held at fair value) 110,111 121,969
Real estate, held for sale 48,292 58,573
Other assets 114,891 106,925
Total Assets 5,270,050 4,977,018
Liabilities    
Secured borrowings 1,698,937 1,189,392
Convertible notes, net 111,310 111,040
Senior secured notes, net 179,387 179,289
Corporate debt, net 150,074 149,986
Guaranteed loan financing 457,032 485,461
Liabilities for loans eligible for repurchase from Ginnie Mae 77,605 77,953
Derivative instruments 16,585 5,250
Dividends payable 21,747 21,302
Accounts payable and other accrued liabilities 89,740 97,407
Total Liabilities 4,494,491 4,132,234
Stockholders’ Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 52,091,850 and 51,127,326 shares issued and outstanding, respectively 5 5
Additional paid-in capital 837,064 822,837
Retained earnings (69,605) 8,746
Accumulated other comprehensive loss (9,536) (6,176)
Total Ready Capital Corporation equity 757,928 825,412
Non-controlling interests 17,631 19,372
Total Stockholders’ Equity 775,559 844,784
Total Liabilities and Stockholders’ Equity 5,270,050 4,977,018
Consolidated VIEs    
Assets    
Total Assets 2,229,517 2,378,486
Liabilities    
Secured borrowings $ 1,692,074 $ 1,815,154