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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 127,939  
Restricted cash 64,746  
Loans, net (including $9,956 and $10,766 held at fair value) 3,907,321 $ 2,915,446
Loans, held-for-sale, at fair value 469,442 552,935
Paycheck Protection Program loans (including $763 and $3,243 held at fair value) 389,189 870,352
Mortgage backed securities, at fair value 40,648 99,496
Loans eligible for repurchase from Ginnie Mae 54,784 94,111
Investment in unconsolidated joint ventures (including $8,430 and $8,894 held at fair value) 224,220 141,148
Purchased future receivables, net 8,704 7,872
Derivative instruments 46,530 7,022
Servicing rights (including $168,653 and $120,142 held at fair value) 253,511 204,599
Real estate owned, held for sale 119,557 42,288
Other assets 183,887 172,098
Total Assets 11,937,315 9,534,031
Liabilities    
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings 427,759 941,505
Convertible notes, net 113,818 113,247
Senior secured notes, net 342,469 342,035
Corporate debt, net 565,230 441,817
Guaranteed loan financing 304,158 345,217
Contingent consideration 92,548 16,400
Liabilities for loans eligible for repurchase from Ginnie Mae 54,784 94,111
Derivative instruments 1,303 410
Dividends payable 51,185 34,348
Loan participations sold 53,544  
Due to third parties 24,737 668
Accounts payable and other accrued liabilities 189,182 183,411
Total Liabilities 9,966,889 8,245,072
Preferred stock Series C liquidation preference, $25.00 per share (refer to Note 21) 8,361 8,361
Commitments and contingencies (refer to Note 25)
Stockholders' Equity    
Preferred stock Series E, liquidation preference $25.00 per share (refer to Note 21) 111,378 111,378
Common stock, $0.0001 par value, 500,000,000 shares authorized, 114,375,070 and 75,838,050 shares issued and outstanding, respectively 11 8
Additional paid-in capital 1,723,580 1,161,853
Retained earnings (deficit) 27,298 8,598
Accumulated other comprehensive loss (2,815) (5,733)
Total Ready Capital Corporation equity 1,859,452 1,276,104
Non-controlling interests 102,613 4,494
Total Stockholders' Equity 1,962,065 1,280,598
Total Liabilities, Redeemable Preferred Stock, and Stockholders' Equity 11,937,315 9,534,031
Consolidated Excluding VIEs    
Assets    
Cash and cash equivalents 127,939 229,531
Restricted cash 64,746 51,569
Loans, net (including $9,956 and $10,766 held at fair value) 3,907,321 2,915,446
Investments held to maturity (including $9,601 held at fair value) 50,618  
Other assets 183,887 172,098
Liabilities    
Secured borrowings 3,212,383 2,517,600
Consolidated VIEs    
Assets    
Assets of consolidated VIEs 5,996,219 4,145,564
Liabilities    
Secured borrowings $ 4,533,789 $ 3,214,303