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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 257,017 $ 67,928
Restricted cash 91,539 51,728
Loans, net (including $124,298 and $20,212 held at fair value) 1,432,807 1,727,984
Loans, held-for-sale, at fair value 297,669 188,077
Mortgage backed securities, at fair value 75,411 92,466
Loans eligible for repurchase from Ginnie Mae 186,197 77,953
Investment in unconsolidated joint ventures 53,939 58,850
Purchased future receivables, net 27,190 43,265
Derivative instruments 19,037 2,814
Servicing rights (including $73,645 and $91,174 held at fair value) 107,761 121,969
Real estate, held for sale 47,009 58,573
Other assets 103,701 106,925
Total Assets 5,460,932 4,977,018
Liabilities    
Secured borrowings 1,253,895 1,189,392
Convertible notes, net 111,581 111,040
Senior secured notes, net 179,481 179,289
Corporate debt, net 150,387 149,986
Guaranteed loan financing 436,532 485,461
Liabilities for loans eligible for repurchase from Ginnie Mae 186,197 77,953
Derivative instruments 9,106 5,250
Dividends payable 14,524 21,302
Accounts payable and other accrued liabilities 166,174 97,407
Total Liabilities 4,647,886 4,132,234
Stockholders' Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 54,872,789 and 51,127,326 shares issued and outstanding, respectively 5 5
Additional paid-in capital 854,222 822,837
Retained earnings (49,755) 8,746
Accumulated other comprehensive loss (9,876) (6,176)
Total Ready Capital Corporation equity 794,596 825,412
Non-controlling interests 18,450 19,372
Total Stockholders' Equity 813,046 844,784
Total Liabilities and Stockholders' Equity 5,460,932 4,977,018
Consolidated VIEs    
Assets    
Total Assets 2,761,655 2,378,486
Liabilities    
Secured borrowings $ 2,140,009 $ 1,815,154