{"id":507357,"date":"2021-06-28T17:18:05","date_gmt":"2021-06-28T21:18:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business\/"},"modified":"2021-06-28T17:18:05","modified_gmt":"2021-06-28T21:18:05","slug":"ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business\/","title":{"rendered":"Ready Capital Announces Strong Q2 Results for Freddie Mac SBL &amp; Small Bridge Business"},"content":{"rendered":"<h2>\nCommercial Lender Builds on Q1 2021 Results with Funded and Firm in excess of $500MM<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, June  28, 2021  (GLOBE NEWSWIRE) &#8212; Ready Capital announced growth in deal volume for its Freddie Mac Small Balance Loan (SBL) and small multifamily Bridge-to-Agency businesses in the second quarter of 2021, with an increase of more than 36% over the first quarter\u2019s strong results. During the second quarter of 2021, Ready Capital closed 72 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $223 million in funding, with a firm pipeline going into the third quarter of approximately $130 million. The recent quarter\u2019s result builds on the company\u2019s success during the first quarter, during which Ready\u00a0Capital, an Optigo lender, had closed 62 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $164 million in funding.<\/p>\n<p>\u201cThe tailwinds of a strong market continued into Q2 with approximately $1.6 billion in funding across all of our commercial real estate lending products year-to-date,\u201d said Anuj Gupta, President of Ready Capital Commercial. \u201cOur success this quarter was once again attributable to the hard work of our origination, production, underwriting and closing teams as they delivered solutions for sponsors across a diverse range of deals.\u201d<\/p>\n<p>In addition to announcing the volume of transactions, Ready\u00a0Capital also highlighted the geographic diversification of the deals closed by its national lending team. During the second quarter of 2021, the company funded a significant volume of transactions in California, Texas, Illinois, and closed additional deals in 17 more states.<\/p>\n<p>\n        <strong>Premier Transactions <\/strong><br \/>\n        <strong>Second Quarter 2021<\/strong>\n      <\/p>\n<p>Ready\u00a0Capital closed $223 million during the second quarter of 2021, following a strong Q1 2021 where over $160 million was closed in Freddie Mac SBL and small multifamily Bridge-to-Agency loans. During the second quarter, Ready\u00a0Capital closed ten portfolio deals totaling over $77 million.\u00a0\u00a0 Individual deals ranged in size from $1 million to $7.5 million with terms ranging from 1 years to 20 years. Average LTV for the Freddie Mac SBL loans was 63.35 across deals 72 deals.\u00a0\u00a0<\/p>\n<table style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:17%;width:17%;min-width:17%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Portfolio name<\/strong>\n          <\/td>\n<td style=\"max-width:17%;width:17%;min-width:17%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">\n            <strong>Number of deals in portfolio<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:33%;width:33%;min-width:33%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">\n            <strong>Sum of balance (millions)<\/strong>\n          <\/td>\n<td style=\"max-width:33%;width:33%;min-width:33%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Notes<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Portfolio 1<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">5<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$19.2<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash Out Refinance<br \/>Partial IO, 10 year term<br \/>LA area<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Portfolio 2<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">2<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$10.5<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash out Refinance<br \/>Amortizing, 10 year term<br \/>Chicago area<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Portfolio 3<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">2<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$9.3<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash Out Refinance<br \/>Amortizing, 5 year term<br \/>Greater NYC<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Portfolio 4<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">2<\/p>\n<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$7.7<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash out refinance<br \/>Amortizing, 5 year term<br \/>Southern California<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Portfolio 5<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">2<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$7.6<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash out refinance<br \/>Partial IO, 10 year term<br \/>Houston area<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:34%;width:34%;min-width:34%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Large Balance Deals<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:33%;width:33%;min-width:33%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Balance (millions)<\/strong>\n          <\/td>\n<td style=\"max-width:33%;width:33%;min-width:33%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Notes<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Loan 1<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$6.3<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash out refinance<br \/>Partial IO, 7 year term<br \/>Dallas area<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Loan 2<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$5.9<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Purchase <br \/>Amortizing, 5 year term<br \/>Small market Texas<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Loan 3<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$5.7<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash out refinance<br \/>Amortizing, 10 year term<br \/>Chicago area<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Loan 4<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$5.3<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash out refinance<br \/>Partial IO, 10 year term<br \/>LA metro area<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Loan 5<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: top\">$5.0<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash out refinance<br \/>Amortizing, 5 year<br \/>New York City area<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:34%;width:34%;min-width:34%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Small Multifamily<\/strong><br \/>\n            <br \/>\n            <strong>Bridge to Agency<\/strong><br \/>\n            \n          <\/td>\n<td colspan=\"2\" style=\"max-width:33%;width:33%;min-width:33%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Balance<\/strong><br \/>\n            <br \/>\n            <strong>(millions)<\/strong>\n          <\/td>\n<td style=\"max-width:33%;width:33%;min-width:33%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>Notes<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>Loan 1<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-right: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">$7.3<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">Purchase<br \/>Full IO, 2 year term<br \/>New Jersey, Top Market<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>Loan 2<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-right: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">$4.9<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">Purchase<br \/>Full IO, 3 year term<br \/>South Carolina, Standard Market<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-left: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">\n            <strong>Loan 3<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"border-right: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: top\">$4.7<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">Cash out Refinance<br \/>Full IO, 1 year term<br \/>California, Top Market<\/td>\n<\/tr>\n<\/table>\n<p>About Ready Capital<\/p>\n<p>Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. The company lends on multi-housing and commercial real estate, delivering value-add bridge loans and fixed rate financings for stabilized assets. Ready Capital is a non-bank lender that has originated over $7 billion in commercial real estate loans nationwide. Ready Capital is an approved Freddie Mac Small Balance Loan (\u201cSBL\u201d) lender, an SBA Preferred Lender and provides residential mortgage lending through its wholly-owned subsidiary, GMFS Inc. Headquartered in New York, New York, the Company employs over 400 lending professionals nationwide. The Company is externally managed and advised by Waterfall Asset Management, LLC.<\/p>\n<p>\n        <strong>Mario Favetta<\/strong><br \/>\n        <br \/>Executive Director, Marketing<br \/>Ready Capital<br \/>200 Connell Drive, Suite 4000, Berkeley Heights, NJ 07922<br \/>(862) 444-1557<br \/>mario.favetta@readycapital.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MTU0MSM0MjYwMDcyIzUwMDAyNzQwMA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/89c7e559-0080-40ae-b00e-b9f021f43d3e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Commercial Lender Builds on Q1 2021 Results with Funded and Firm in excess of $500MM NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) &#8212; Ready Capital announced growth in deal volume for its Freddie Mac Small Balance Loan (SBL) and small multifamily Bridge-to-Agency businesses in the second quarter of 2021, with an increase of more than 36% over the first quarter\u2019s strong results. During the second quarter of 2021, Ready Capital closed 72 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $223 million in funding, with a firm pipeline going into the third quarter of approximately $130 million. The recent quarter\u2019s result builds on the company\u2019s success during the first quarter, during which Ready\u00a0Capital, an Optigo lender, had closed 62 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ready Capital Announces Strong Q2 Results for Freddie Mac SBL &amp; Small Bridge Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507357","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ready Capital Announces Strong Q2 Results for Freddie Mac SBL &amp; Small Bridge Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ready Capital Announces Strong Q2 Results for Freddie Mac SBL &amp; Small Bridge Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Commercial Lender Builds on Q1 2021 Results with Funded and Firm in excess of $500MM NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) &#8212; Ready Capital announced growth in deal volume for its Freddie Mac Small Balance Loan (SBL) and small multifamily Bridge-to-Agency businesses in the second quarter of 2021, with an increase of more than 36% over the first quarter\u2019s strong results. During the second quarter of 2021, Ready Capital closed 72 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $223 million in funding, with a firm pipeline going into the third quarter of approximately $130 million. The recent quarter\u2019s result builds on the company\u2019s success during the first quarter, during which Ready\u00a0Capital, an Optigo lender, had closed 62 &hellip; Continue reading &quot;Ready Capital Announces Strong Q2 Results for Freddie Mac SBL &amp; Small Bridge Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-28T21:18:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MTU0MSM0MjYwMDcyIzUwMDAyNzQwMA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ready-capital-announces-strong-q2-results-for-freddie-mac-sbl-small-bridge-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ready Capital Announces Strong Q2 Results for Freddie Mac SBL &amp; 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During the second quarter of 2021, Ready Capital closed 72 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $223 million in funding, with a firm pipeline going into the third quarter of approximately $130 million. 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