Ready Capital’s Red Stone Announces Grand Opening of Two Buildings to House Formerly Homeless Veterans

May 24, 2023

https://www.globenewswire.com/news-release/2023/05/23/2674797/0/en/Ready-Capital-s-Red-Stone-Announces-Grand-Opening-of-Two-Buildings-to-House-Formerly-Homeless-Veterans.html

NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) — Ready Capital Corporation (NYSE:RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today announced that Red Stone, a Ready Capital company acquired in 2021, is pleased to confirm the completion and grand opening of a vital renovation project that will house 120 formerly homeless veterans in renovated buildings in West Los Angeles (LA), adjacent to Brentwood. Red Stone provided the construction and permanent tax-exempt bond financing in the amount of $39,000,000.

Read more at globenewswire.com

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