Ready Capital Corporation to Merge with Broadmark Realty Capital
February 27, 2023
Ready Capital Corporation and Broadmark Realty Capital have entered into a definitive merger agreement under which Broadmark will merge with Ready Capital. Following the merger, Ready Capital is expected to operate as the combined company under the name “Ready Capital Corporation,” with Broadmark stockholders receiving Ready Capital shares and expected to own about 36% of the combined company.
- Buyers
- Ready Capital Corporation
- Targets
- Broadmark Realty Capital
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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