IRVING, Texas--(BUSINESS WIRE)--ReadyCap Commercial, LLC (ReadyCap), a leading nonbank commercial real estate lender today announced that its parent company, Sutherland Asset Management Corporation (SAMC), finalized its merger transaction with ZAIS Financial Corporation (ZFC) and is now trading on the NYSE under the ticker SLD.
The New York Stock Exchange welcomed executives and guests of ReadyCap and SAMC as the company opened the markets the first week SLD traded. As shown in the accompanying video, Thomas Capasse, CEO and Chairman of the Board, rings The NYSE Opening Bell®.
SAMC, through its ReadyCap subsidiaries, originates small balance commercial mortgage loans including:
- Freddie Mac SBL
SAMC is a real estate investment trust, and is externally managed by Waterfall Asset Management. SAMC origination subsidiaries include: ReadyCap Commercial, Ready Capital Structured Finance and ReadyCap Lending.
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About ReadyCap Commercial, LLC
ReadyCap Commercial (www.myreadycap.com), headquartered in Irving, Texas, is a nonbank, portfolio lender offering financing for small-balance commercial investment, multifamily, and bridge loan programs nationwide. ReadyCap and its affiliates have offices in San Diego, California; Dallas, Texas; Charlotte, North Carolina; Austin, Texas; Atlanta, Georgia; Washington, D.C.; New Providence, New Jersey and New York City, New York. Available financing for conventional commercial real estate and multifamily loans ranges from $750,000 to $10 million. Bridge financing is available up to $25 million and is offered through Ready Capital Structured Finance, a wholly owned division of ReadyCap. Founded in 2012, ReadyCap is a wholly owned indirect subsidiary of Sutherland Partners, L.P., the general partner of which is Sutherland Asset Management Corporation ("Sutherland"). Sutherland, a REIT, is a real estate finance company that acquires, originates, manages and finances commercial real estate loans, and to a lesser extent, asset-backed securities where the underlying pool of assets consists primarily of commercial real estate loans and other real estate-related investments. For more information, visit: readycapcommercial.com or call 888-354-0822.
ABOUT SUTHERLAND ASSET MANAGEMENT CORPORATION (NYSE:SLD)
SAMC is a real estate investment trust which originates, acquires, finances, services and manages small balance commercial ("SBC") loans and Small Business Administration ("SBA") loans. SAMC is externally managed by Waterfall Asset Management LLC.