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New Deal


Announced

Completed

Ready Capital completed the merger with Broadmark Realty Capital in a $784m deal.

Financials

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Transaction Value£656m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Majority

Friendly

Merger

Public

Single Bidder

Acquisition

real estate

Real Estate Services

United States

Domestic

Completed

Synopsis

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Ready Capital, a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, completed the merger with Broadmark Realty Capital, a specialty real estate finance company, in a $784m deal. "We are excited about the continued growth of our commercial real estate investment platform with the Broadmark transaction and believe it will provide strategic and financial benefits to all shareholders. We believe our asset management and workout experience, along with the synergies we expect to realize, position us well over the long-term," Thomas Capasse, Ready Capital Chairman and CEO.

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