Realty Capital and Owens Realty Mortgage Complete Merger – NMP Skip to main content

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
Published
Mar 29, 2019
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026