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Announced

Completed

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

Synopsis

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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