Ready Capital

(Waterfall Asset Management, ReadyCap Commercial, ReadyCap Lending, Ready Capital Structured Finance)

Lender

Private Equity

1251 Avenue of the Americas, 50th Floor. New York, NY 10020

readycapital.com

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Ready Capital portfolio

$8.6 million* – retail 82%, condo 17%; Manhattan 100%, Bronx 0%

2909th largest portfolio by dollar value

28,139 sqft – retail 93%, condo 6%;

3708th largest by SF

2 properties – Manhattan 100%, Bronx 0%

3269th largest

4 foreclosures, 2 bankruptcies, 1 other court case.

Notes

Website: ” Ready Capital is a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans. Waterfall Asset Management is Ready Capital’s external manager.”

Company Activity past 24 months:

Buyer company: 1 for $4 million

Lender company: 4 for $89.9 million

Top Ten Associated Companies:

Normandy Real Estate Partners (2), Fereidoon Behin (2), KPG Funds (2), Euripides Reynoso (1), Salt Equities (1), CenterSquare Investment Management (1), RCG Longview (1), 60 Guilders (1), Alberto Smcke Saba (1), Son Dinh Tran (1)

Top Ten Associated People:

Fereidoon Behin (2), Gregory Kraut (2), Euripides Reynoso (1), Eric Rubin (1), Son Dinh Tran (1), Samuel Kooris (1), Gregory Weingart (1), Elichai Pariente (1), Sam Kooris (1), Joshua Landau (1)

Recent activity as company:

• Sunshine Developers borrowed $0 from Sunshine Developers for 1440 Sheridan Expressway, East Morrisania, Bronx on January 06, 2025.

• Link Real Estate and Baruch Singer sold 151 Grand Street, Little Italy, Manhattan for $4 million to Ready Capital on November 21, 2024.

• SOMA Group borrowed $0 from Midwest Financial for 34 West 28th Street, NoMad, Manhattan on September 11, 2024.

• Four Winds Real Estate borrowed $23.5 million from Voya Financial for 138 East 38th Street, Murray Hill, Manhattan on September 11, 2024.

• Neil Kupferman and Scott Kupferman borrowed $0 from JTS Capital Group for 1094 Dean Street, Upper West Side, Manhattan on August 21, 2024.

• Chung Ki Ng borrowed $0 from JTS Capital Group for 302 2nd Street, Gramercy, Manhattan on August 19, 2024.

• CSC Coliving borrowed $30 million from Barclays for 111 Greenpoint Avenue, 115 Greenpoint Avenue, and 107 Greenpoint Avenue, Greenpoint, Brooklyn on May 03, 2024.

• RYCO Capital borrowed $78.7 million from Webster Bank for 37 Carmine Street, 506 La Guardia Place, 504 La Guardia Place, 502 La Guardia Place, 142 West 4th Street, and others, Greenwich Village, Manhattan on March 20, 2024.

• Fereidoon Behin borrowed $8.6 million from Ready Capital for 56-50 Myrtle Avenue, 56-52 Myrtle Avenue, 56-48 Myrtle Avenue, and 56-54 Myrtle Avenue, Ridgewood, Queens on January 22, 2024.

• Son Dinh Tran borrowed $37.7 million from Ready Capital for 841 7th Avenue, Midtown West, Manhattan on September 18, 2023.