Login

Deal Sets Up Ready Capital’s Expansion Into Construction Lending

REIT Agrees To Acquire Credit Funds From Mosaic Real Estate Investors for $471 Million
MREC Management manages funds that focus on construction development lending. (Getty Images)
MREC Management manages funds that focus on construction development lending. (Getty Images)
CoStar News
November 4, 2021 | 3:48 P.M.

Ready Capital has agreed to acquire a subsidiary of Mosaic Real Estate Investors, expanding the real estate finance company’s small-balance construction lending capabilities. The price is expected to be $471 million but could surpass $550 million with earn-out provisions.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE