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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 138,532 $ 147,399
Restricted cash 30,063 48,146
Loans, net (including $9,348 and $9,786 held at fair value) 4,020,160 3,571,799
Loans, held-for-sale, at fair value 81,599 123,735
Paycheck Protection Program loans (including $165 and $576 held at fair value) 34,597 186,985
Mortgage-backed securities 27,436 32,041
Investment in unconsolidated joint ventures (including $7,360 and $8,094 held at fair value) 133,321 118,641
Derivative instruments 2,404 12,532
Servicing rights 102,837 87,117
Real estate owned, held for sale 252,949 117,098
Other assets 265,578 183,533
Assets held for sale (refer to Note 9) 454,596 439,191
Total Assets 12,441,217 11,620,977
Liabilities    
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings 36,036 201,011
Convertible notes, net   114,397
Senior secured notes, net 345,127 343,355
Corporate debt, net 764,908 662,665
Guaranteed loan financing 844,540 264,889
Contingent consideration 7,628 28,500
Derivative instruments 212 1,319
Dividends payable 54,289 47,177
Loan participations sold 62,944 54,641
Accounts payable and other accrued liabilities 171,445 153,614
Liabilities held for sale 333,157 271,924
Total Liabilities 9,794,455 9,722,382
Preferred stock Series C liquidation preference, $25.00 per share (refer to Note 20) 8,361 8,361
Commitments and contingencies (refer to Note 24)
Stockholders' Equity    
Preferred stock Series E, liquidation preference $25.00 per share (refer to Note 20) 111,378 111,378
Common stock, $0.0001 par value, 500,000,000 shares authorized, 172,276,105 and 110,523,641 shares issued and outstanding, respectively 17 11
Additional paid-in capital 2,321,989 1,684,074
Retained earnings 124,413 4,994
Accumulated other comprehensive loss (17,860) (9,369)
Total Ready Capital Corporation equity 2,539,937 1,791,088
Non-controlling interests 98,464 99,146
Total Stockholders' Equity 2,638,401 1,890,234
Total Liabilities, Redeemable Preferred Stock, and Stockholders' Equity 12,441,217 11,620,977
Consolidated Excluding VIEs    
Assets    
Cash and cash equivalents 138,532 147,399
Restricted cash 30,063 48,146
Loans, net (including $9,348 and $9,786 held at fair value) 4,020,160 3,571,799
Other assets 265,578 183,533
Liabilities    
Secured borrowings 2,102,075 2,663,735
Due to third parties 3,641 11,805
Consolidated VIEs    
Assets    
Assets of consolidated VIEs 6,897,145 6,552,760
Liabilities    
Secured borrowings $ 5,068,453 $ 4,903,350