Ready Capital to acquire Red Stone.

Ready Capital, a multi-strategy real estate finance company, agreed to acquire Red Stone, a real estate finance and investment company. Financial terms were not disclosed. “Affordable housing finance presents a significant growth opportunity that will benefit our shareholders by expanding our presence in a sector with low correlation to our other businesses. Moreover, the team at Red Stone has enormous talent and we look forward to building on their success collaboratively in the future," Tom Capasse, Ready Capital Chairman and CEO.