Loan & DebtJul 30, 2026, 04:12 PM
Ready Capital Completes $145M SBA 7(a) Loan Securitization
AI Summary
Ready Capital Corporation announced that its subsidiary, ReadyCap Lending, completed its fourth securitization of SBA 7(a) loans, ReadyCap Lending Small Business Loan Trust 2026-4, on June 26, 2026. The transaction involved the issuance of approximately $145 million in bonds, providing significant additional liquidity for the Company. This securitization, with a weighted average coupon of approximately 8.526%, enhances ReadyCap Lending's funding flexibility and capacity to finance small businesses nationwide.
Key Highlights
- ReadyCap Lending completed its fourth SBA 7(a) loan securitization.
- Issued approximately $145 million of bonds, generating additional liquidity.
- Weighted average coupon for the floating-rate tranches was approximately 8.526%.
- Class A bonds totaled $111.7 million, priced at SOFR + 1.85%.
- Class B bonds totaled $21.6 million, priced at SOFR + 3.20%.
- Class C bonds totaled $11.9 million, priced at SOFR + 6.15%.
- Transaction enhances funding flexibility and lending capacity for small businesses.
Price Impact
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