Ready Capital Appoints Dominick Scali as Chief Credit Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy RC?
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.
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Analyst Views on RC
Wall Street analysts forecast RC stock price to rise
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 1.850
Low
2.05
Averages
2.43
High
2.75
Current: 1.850
Low
2.05
Averages
2.43
High
2.75
About RC
Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner-occupied commercial real estate loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property, including construction, bridge, stabilized and agency loan origination channels through its subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the SBA under the SBA Section 7(a) Program through its subsidiary, ReadyCap Lending, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Liquidity Crunch Intensifies: The tightening liquidity issues faced by the company could impair its operational capabilities, particularly in the current economic climate where restricted financing channels may put the company at a competitive disadvantage.
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See More
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