Ready Capital Corp. and Broadmark Realty Capital Inc. announced that they have entered a definitive merger agreement. Broadmark will merge into Ready Capital, after which the latter “is expected to have a pro forma equity capital base of $2.8 billion.”
Ready Capital is a “multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans.” Broadmark is as “specialty real estate finance company that specializes in originating and servicing residential and commercial construction loans.”
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