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Mortgage REIT Ready Capital Lands $648.6 Million in Bond Offering

Transaction Provides Money To Originate Loans Through End of 2023
The 165-unit Olympic Studio Lofts in Santa Monica, California, is among the properties backing the largest loan in Ready Capital’s latest bond offering. (CoStar)
The 165-unit Olympic Studio Lofts in Santa Monica, California, is among the properties backing the largest loan in Ready Capital’s latest bond offering. (CoStar)

New York mortgage real estate investment trust Ready Capital has secured $648.6 million in a commercial real estate collateralized loan obligation transaction, giving it the ability to redeploy capital into new multifamily lending.

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