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"markdown": "First Quarter 2026 Results\n\n\n[ORANGE_DOT_PATTERN]\nREADY CAPITAL\u00ae\n\n\nPerformance\n- Net loss1 of $(1.25) per common share\n- Distributable losses2 of $(1.00) per common share\n- Distributable losses before realized losses3 of $(0.33) per common share\n- Declared dividend of $0.01 per common share\nLoan Portfolio\n- Total loan portfolio of $4.5 billion\n- Total loan originations4 of $464.3 million including $287.6 million of LMM commercial real\nestate loans, $110.0 million of SBA 7(a) loans and $28.5 million of USDA loans\n- Loan repayments of $410 million and sales of $1.0 billion\n\n\nCapitalization\n- Book value per share of $7.43\n- Total leverage of 3.0x and recourse leverage ratio6 of 1.8x\n\n\nBusiness Update\n- Completed the sale of 48 loans totaling $1.0 billion in unpaid principal balance for net proceeds\nof $177 million after financing paydowns\n- Collapsed the last remaining CLOs, RCMF 2021-FL7, RCMF 2023-FL11 and RCMF 2023-FL12\n- Retired the outstanding 5.75% Senior Unsecured Notes in February 2026 and 6.20% Senior\nUnsecured Notes in April 2026\n\n\n3\n\n",
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