Realty Capital and Owens Realty Mortgage Complete Merger

Mar 29, 2019

New York City-based SLK Global Solutions, a business process transformation enterprise provider, has named Nate Johnson as its new senior vice president-mortgage business leader

Ready Capital Corp. and Owens Realty Mortgage Inc. have completed their merger, which was originally announced last November.

Under the terms of the transaction, Owens Realty Mortgage will cease to be publicly traded and its common stock was suspended from trading on the NYSE American. The combined company will conduct business under the name Ready Capital Corp. and will continue to trade on the New York Stock Exchange under the ticker symbol "RC." The size of Ready Capital's Board of Directors was increased from six to seven members and Gilbert E. Nathan, an independent Director with Owens Realty Mortgage, was appointed to Ready Capital's Board of Directors.

In addition, pursuant to the Merger Agreement, the size of Ready Capital's Board of Directors was increased from six to seven members upon the closing of the merger, and Gilbert E. Nathan, an independent Director of ORM, was appointed to Ready Capital's Board of Directors.

“With today's closing, we reach another important milestone toward our vision of building a full-service platform with scale,” said Thomas Capasse, Chairman and CEO. “The growing breadth of the combined businesses will continue to allow us to effectively deploy capital across attractive asset classes and economic cycles. This investment approach, which emphasizes return consistency and downside protection, will provide all our shareholders with the most attractive risk-adjusted returns over the long-term.”

About the author

Phil Hall

Link copied

Published

Mar 29, 2019

Industry News

Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Analysis and Data

Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...

Nov

Pasadena, CA

More from

Industry News

CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News

Sep 23, 2026

Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News

Sep 23, 2026

Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies

Sep 23, 2026

Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance

Sep 22, 2026

MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Industry News

Sep 22, 2026