Workflow
Commercial Real Estate Loans
icon
Search documents
AGNC Investment vs. Arbor Realty: Which mREIT Offers Better Prospects?
ZACKS· 2025-06-25 15:46
The company enjoys a decent financial position. As of March 31, 2025, AGNC Investment's liquidity, including unencumbered cash and Agency MBS, was $6 billion. The company's leverage increased modestly to 7.5X at the end of the first quarter (from 7.2X in the prior quarter). It has a long-term debt of $62 million as of the same date. Hence, given its decent liquidity profile, the capital distribution plan seems sustainable. The Case for ABR Key Takeaways Within the mREIT industry, AGNC Investment Corp. (AGNC ...
UPDATE -- Ready Capital Corporation Declares Second Quarter 2025 Dividends
Globenewswire· 2025-06-14 12:54
Group 1 - The Company declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025, payable on July 31, 2025 [1] - The Company announced a dividend of $0.390625 per share of its 6.25% Series C Cumulative Convertible Preferred Stock, payable on July 15, 2025 [2] - A dividend of $0.40625 per share of its 6.50% Series E Cumulative Redeemable Preferred Stock was also declared, payable on July 31, 2025 [3] Group 2 - Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans [4] - The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program [4] - The Company is headquartered in New York and employs approximately 500 professionals nationwide [4]
Ready Capital Corporation Declares First Quarter 2025 Dividends
Globenewswire· 2025-06-13 20:10
Core Points - Ready Capital Corporation declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025, payable on July 31, 2025, to shareholders of record as of June 30, 2025 [1] - The Company also declared a dividend of $0.390625 per share of its 6.25% Series C Cumulative Convertible Preferred Stock, payable on July 15, 2025, to Series C Preferred stockholders of record as of June 30, 2025 [2] - Additionally, a dividend of $0.40625 per share of its 6.50% Series E Cumulative Redeemable Preferred Stock was declared, payable on July 31, 2025, to Series E Preferred stockholders of record as of June 30, 2025 [3] Company Overview - Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans [4] - The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program [4] - Headquartered in New York, the Company employs approximately 500 professionals nationwide [4]
Third Coast Bank Announces $150 Million Securitization of Commercial Real Estate Loans in a Transaction Sponsored by EJF Capital LLC
Prnewswire· 2025-06-04 12:00
HOUSTON, June 4, 2025 /PRNewswire/ -- Third Coast Bank, a Texas banking association (the "Bank") and a wholly owned bank subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "we" or "our"), today announced that it entered into a $150 million securitization transaction of certain commercial real estate loans (the "Mortgage Loans") originated by the Bank. EJF Capital LLC ("EJF Capital"), a global alternative asset management firm with approximately $5.3 billion assets under management as ...
Southern Realty Trust Expands Revolving Credit Facility to $100 Million with Addition of EverBank as Joint Lead Arranger
GlobeNewswire News Room· 2025-06-02 11:30
Core Insights - Southern Realty Trust Inc. ("SRT") has expanded its senior secured revolving credit facility by adding EverBank, N.A., increasing total committed capital to $100 million, with the potential to expand to $200 million [1][2][3] Company Overview - SRT was established in 2023 to originate commercial real estate (CRE) debt investments in the Southern U.S., targeting high-quality borrowers and sponsors with transitional business plans [4] - The company aims to create a diversified investment portfolio, focusing on first mortgages, B-notes, mezzanine loans, and debt-like preferred securities across various CRE asset classes [4] Industry Context - TCG Real Estate consists of affiliated CRE-focused debt funds, including SRT, which provide flexible financing for transitional CRE properties with near-term value creation potential [5] - The Southern U.S. markets are highlighted as benefiting from economic tailwinds and growth potential, making them attractive for CRE investments [5]
Ready Capital (RC) - 2025 Q1 - Earnings Call Presentation
2025-05-09 12:33
Financial Performance - Net income from continuing operations was $0.47 per common share[5] - Distributable losses were $(0.09) per common share[5] - Distributable earnings before realized losses were $0.00 per common share[5] - A dividend of $0.125 per common share was declared[5] Loan Portfolio - The total loan portfolio was $8.4 billion[5] - The weighted average yield in the $5.9 billion CRE core portfolio was 8.3%[5] - Total loan originations amounted to $466.1 million[5] - Loan repayments and sales totaled $758.2 million[5] - Core delinquencies (60+ days) stood at 4.1%[5] Capitalization & Acquisitions - 3.4 million shares were repurchased at an average price of $5.02, impacting book value per share by $0.11[5] - Total leverage was 3.5x, with a recourse leverage ratio of 1.3x[5] - The acquisition of United Development Funding IV was closed for $167 million, which was $0.14 per share accretive to book value per share[5] Portfolio Composition - The carrying value of the Core portfolio is $5.88 billion with 4.1% being 60+ days delinquent[7] - The carrying value of the Non-Core portfolio is $0.74 billion with 40.9% being 60+ days delinquent[7]
Granite Point Mortgage Trust(GPMT) - 2025 Q1 - Earnings Call Transcript
2025-05-07 16:00
Granite Point Mortgage Trust (GPMT) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 Good morning. My name is Paul, and I will be your conference facilitator. At this time, I would like to welcome everyone to Granite Point Mortgage Trust First Quarter twenty twenty five Financial Results Conference Call. All participants will be in a listen only mode. After the speakers' remarks, there will be a question and answer period. Please note, today's call is being recorded. I would now like to turn the call ...
Sunrise Realty Trust, Inc.(SUNS) - 2025 Q1 - Earnings Call Transcript
2025-05-07 15:02
Sunrise Realty Trust (SUNS) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer & SecretaryLeonard Tannenbaum - Founder and Executive ChairmanBrian Sedrish - CEOBrandon Hetzel - CFO & TreasurerRandy Binner - Managing DirectorJade Rahmani - Managing DirectorTyler Batory - Executive Director Conference Call Participants Gaurav Mehta - Managing Director, Senior Equity Research Analyst & Real Estate and Financials Operator Thank you for standing by. My name is ...
Sunrise Realty Trust, Inc.(SUNS) - 2025 Q1 - Earnings Call Presentation
2025-05-07 12:06
NASDAQ:SUNS | INVESTOR PRESENTATION N A S D A Q : S U N S | I N V E S T O R P R E S E N T A T I O N A TCG Company D I S C L A I M E R S Some of the statements contained in this presentation constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and we intend such statements to be covered by the safe harbor provisions contained therein. Such forward-looking statements are based on the current intent, belief, expectations and views of future events o ...
Ready Capital Corporation Announces First Quarter 2025 Results and Webcast Call
Globenewswire· 2025-05-01 20:15
NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its first quarter 2025 financial results after the New York Stock Exchange closes on Thursday, May 8, 2025. Management will host a webcast and conference call on Friday, May 9, 2025 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended March 31, 2025. Webcast:The Company encourages use of the webcast du ...