Ready Capital Corp., which during the first quarter had reclassified $655 million of its loans as “held-for-sale,” has roughly $460 million of those on the sales block. The New York lender, which specializes in the small- to middle-market sector, is said to separately have hired Newmark and the Mission Capital unit of Marcus & Millichap to sell the $460 million of loans.
The post Ready Capital Moves $655Mln of Loans to Held-for-Sale Bucket, Preps Sales appeared first on Commercial Real Estate Direct.
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