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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 208,037  
Restricted cash 57,675  
Loans, net (including $9,582 and $10,766 held at fair value) 4,158,807 $ 2,915,446
Loans, held-for-sale, at fair value 403,609 552,935
Paycheck Protection Program loans (including $599 and $3,243 held at fair value) 275,761 870,352
Mortgage backed securities, at fair value 37,895 99,496
Loans eligible for repurchase from Ginnie Mae 65,188 94,111
Investment in unconsolidated joint ventures (including $8,268 and $8,894 held at fair value) 119,272 141,148
Purchased future receivables, net 8,593 7,872
Derivative instruments 26,212 7,022
Servicing rights (including $192,153 and $120,142 held at fair value) 277,692 204,599
Real estate owned, held for sale 82,977 42,288
Other assets 213,030 172,098
Total Assets 11,858,211 9,534,031
Liabilities    
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings 305,797 941,505
Convertible notes, net 114,108 113,247
Senior secured notes, net 342,912 342,035
Corporate debt, net 662,247 441,817
Guaranteed loan financing 283,822 345,217
Contingent consideration 33,200 16,400
Liabilities for loans eligible for repurchase from Ginnie Mae 65,188 94,111
Derivative instruments 4,345 410
Dividends payable 51,136 34,348
Loan participations sold 54,104  
Due to third parties 14,881 668
Accounts payable and other accrued liabilities 171,152 183,411
Total Liabilities 9,880,987 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, 114,015,355 and 75,838,050 shares issued and outstanding, respectively 11 8
Additional paid-in capital 1,720,019 1,161,853
Retained earnings (deficit) 40,079 8,598
Accumulated other comprehensive loss (4,505) (5,733)
Total Ready Capital Corporation equity 1,866,982 1,276,104
Non-controlling interests 101,881 4,494
Total Stockholders' Equity 1,968,863 1,280,598
Total Liabilities, Redeemable Preferred Stock, and Stockholders' Equity 11,858,211 9,534,031
Consolidated Excluding VIEs    
Assets    
Cash and cash equivalents 208,037 229,531
Restricted cash 57,675 51,569
Loans, net (including $9,582 and $10,766 held at fair value) 4,158,807 2,915,446
Investments held to maturity 40,089  
Other assets 213,030 172,098
Liabilities    
Secured borrowings 3,348,249 2,517,600
Consolidated VIEs    
Assets    
Assets of consolidated VIEs 5,883,374 4,145,564
Liabilities    
Secured borrowings $ 4,429,846 $ 3,214,303