RC News & Events

Ready Capital announced the appointment of Dominick Scali as chief credit officer of the company and co-president of ReadyCap Commercial, the company's commercial real estate lending business. Scali has been a managing director and co-head of bridge lending with the company since 2015. Separately, Gary Taylor has stepped down as COO of the company. He will continue to serve as the CEO of ReadyCap Lending. Operational responsibilities have transitioned to other members of management, including Matt Cohen who has been promoted to head of operations and CTO. Adam Zausmer and the company have agreed to mutually separate and, in conjunction, Zausmer resigned as chief credit officer of the company. Post separation, the company expects to enter into a consulting agreement with Zausmer, subject to agreement of final terms and conditions.

Book value of $8.79 per share of common stock as of December 31, 2025. "We continue to execute on our liquidity plan with a focus on meeting our corporate obligations and repositioning the Company's equity away from Covid-vintage production", said Thomas Capasse, Ready Capital's Chairman and Chief Executive Officer. "The equity drawdown associated with these actions is significant but represents an important step toward addressing the financial pressure experienced since the onset of the commercial real estate cycle. We believe the execution of our plan will improve our liquidity profile and support greater financial stability going forward."