Supplemental Financial Data Third Quarter 2018

DISCLAIMER This presentation contains statements that constitute "forward-looking statements," as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; Ready Capital Corporation (the "Company") can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include those set forth in the Risk Factors section of the most recent Annual Report on Form 10-K filed with the SEC and other reports filed by the Company with the SEC, copies of which are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. This presentation includes certain non-GAAP financial measures, including Core Earnings. These non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures in accordance with GAAP. Please refer to Appendix A for the most recent GAAP information. This presentation also contains market statistics and industry data which are subject to uncertainty and are not necessarily reflective of market conditions. These have been derived from third party sources and have not been independently verified by the Company or its affiliates. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. unless otherwise noted. All data is as of September 30, 2018, 2

THIRD QUARTER 2018 HIGHLIGHTS (1) (2) (3) Inclusive of non-controlling interest Return on Equity is an annualized percentage equal to quarterly net income over the average monthly total stockholders’ equity for the period Core Return on Equity is an annualized percentage equal to core earnings over the average monthly total stockholders’ equity for the period. Refer to the “Core Earnings Reconciliation” slide for a reconciliation of GAAP Net Income to Core Earnings Q3 Dividend yield for the period based on the 9/28/2018 closing share price of $16.65 Represents fully committed amounts (4) (5) (6) 3 Excludes the equity component of our 2017 convertible note issuance (7) Represents carrying value of loans BALANCE SHEET  Priced the securitization of $262.7 million of acquired SBC loans and will issue $217.0 million of senior bonds at a weighted average pass-through rate of 4.7%  Adjusted net book value(6) of $17.08 per common share  Loans increased by 3.9% to $2.4 billion(7) LOAN ORIGINATIONS(5) / ACQUISITIONS  SBC loan originations of $291.2 million  SBA loan originations of $51.1 million  Residential mortgage loan originations of $472.1 million  Acquired $86.4 million of SBC loans RETURNS  Return on Equity(2) of 12.4%  Core Return on Equity(3) of 11.3%  Dividend Yield(4) of 9.6% EARNINGS / DIVIDENDS  Net income of $17.6 million(1), or $0.53 per common share  Core earnings of $16.1 million(1), or $0.48 per common share  Declared dividend of $0.40 per share

RETURN EQUITY ON Levered Yield (1) Equity Allocation & Servicing 1) Levered yields include interest income, accretion of discount, MSR creation, income from our unconsolidated joint venture, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis. 2) GAAP ROE is based on GAAP Net Income, while Core ROE is based on Core Earnings, which adjusts GAAP Net Income for the items in the “Core Earnings Reconciliation” slide. ROE based on net income before tax of the Residential Mortgage Banking business line divided by the business line’s equity. 3) 4 GAAP ROE (2) Core ROE (2) Core Segment Levered Yield (1) Q3'18 Q2'18 Q3'18 Q2'18 Loan Acquisitions 29.8 % 29.8 % 14.8 % SBC Originations 15.3 % 15.3 % 43.2 % SBA Originations, Acquisitions, 30.4 % 30.4 % 21.9 % Residential Mortgage Banking (3) 16.8 % 10.9 % 20.1 % 21.1 % 23.8 % 19.9 % 23.7 % Unallocated corporate finance and non-earning assets, net Gross return on equity Realized & unrealized gains, net Other income and expenses, net Investment advisory fees Provision for income taxes (2.5) (4.7) (2.3) (4.7) 18.6 % 19.1 % 17.6 % 19.0 % 6.5 4.7 6.4 4.7 (10.6) (10.5) (10.6) (10.5) (1.5) (1.6) (1.5) (1.6) (0.6) (0.5) (0.6) (0.5) Return on equity 12.4 % 11.2 % 11.3 % 11.1 %

SBC ORIGINATION VOLUME PRODUCT TYPE BY $160.3 160 140 120 $105.2 100 80 60 40 20 0 Q3'17 Q4'17 SBA Q1'18 Freddie Mac Q2'18 Q3'18 Conventional Transitional Highlights • Total SBC and SBA loan originations of $342.3 million for the quarter • Conventional SBC loan originations up $56.0 million, or 80% QoQ • (1)Origination volumes are based on fully committed amounts 5 Fully committed ($ in millions) $122.6$125.4 $126.9 $95.5 $111.4$110.6 $75.4 $78.0 $69.4 $70.3 $46.7 $38.3 $48.3 $48.3 $51.1 $38.9 $23.0 $29.7

Q3 2018 QUARTERLY SBC INVESTMENT ALLOCATION Total funded investments of $400.0 million added during the quarter. • • • Acquired $86.4 million of SBC loans Funded $313.6 million(1) of SBC and SBA loan originations. Debt Cost (6) # of Loans FX / ARM Prime + 29 Prime + 29 43 2.1 6.4% 5 years 96% / 4% 81% (1) (2) (3) (4) Represents actual disbursements during the quarter. $ in millions Based on fully funded loan amount Gross yield equals contractual interest rates and accretion of discount based on the Company’s estimates of loan performance, where applicable (5) Weighted average advance rate of all assets of this loan type currently financed on the Company’s facilities Weighted average debt cost of all assets of this loan type currently financed on the Company’s facilities SBA loan counts include the guaranteed and unguaranteed loan portion. (6) 6 (7) (in millions, except loan count inf ormation) Gross Investments(2) AvgGrossWeightedAvg Advance BalanceYield(4)Avg Maturity(3)Rate(5) Loan Originations Held-for-investment SBC $121.4 31$3.95.5%7 years100% / 0%70%1M Libor +286 Transitional 68.8 252.86.6%3 years3% / 97%60%1M Libor + 248 SBA(7) 13.3 650.17.6%21 years0% / 100%73%1M Libor + 250 Held-for-sale SBA(7) $39.8 65$0.37.6%21 years0% / 100%73%1M Libor + 250 Freddie Mac 70.3 292.44.5%16 years37% /63%100%1M Libor + 175 Total Loan Originations $313.6 SBC: 1M Libor + 236 215$1.65.9%11 years42% / 58%75% SBA: 1M Libor + 250; Prim e + 29 Loan Acquisitions SBC 86.4 SBC: 1M Libor + 248 Total Loan Acquisitions $86.4 43$2.16.4%5 years96% / 4%81% SBC: 1M Libor + 248 Total SBC Investment (Originations + Acquisitions) $400.0 SBC: 1M Libor + 236 258$1.76.0%10 years48% / 52%76% SBA: 1M Libor + 162; Prim e + 29

SBC ORIGINATIONS - SEGMENT SNAPSHOT 30.0% • Originations of $291.2 million(1), 55% of loans held-for-investment are floating rate Gains on sales of Freddie Mac loans of $1.7 million Origination pipeline of $387.3 million(2) 25.0% 20.0% • 15.0% 10.0% • • • • $154.9 million of transitional loans $122.0 million of conventional SBC loans $110.4 million of Freddie Mac loans 5.0% 0.0% Q3 '17 Q4 '17 Q1 '18 Q2 '18 Q3 '18 (4) (5) Gross Levered Yield (ex. Gains)Gains on Loans, held for sale 1) 2) 3) 4) Represents fully committed amounts. As of October 31, 2018, including October 2018 fundings. $ in millions, as of quarter end. Represents fixed rate loans that have been securitized. 5) Includes interest income, accretion of discount, and servicing income net of interest expense and amortization of deferred financing costs. Includes realized and unrealized gains (losses) on loans held for sale and MSR creation. 7 6) 6.1% 4.2% 3.3% 4.5% 4.6% 13.8% 11.4% 15.9% 18.4% 10.7% Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Portfolio Metrics (Balance Sheet) Number of loans 368 365 357 397 403 Unpaid Principal Balance (3) $ 1,068 $ 1,094 $ 1,120 $ 1,202 $ 1,305 Carrying Value (3) $ 1,088 $ 1,108 $ 1,132 $ 1,213 $ 1,314 Weighted Average LTV 60% 61% 61% 60% 66% Weighted Average Coupon 6.3% 6.2% 6.4% 6.4% 6.9% Weighted Average Maturity 5 years 5 years 5 years 5 years 5 years Weighted Average Principal Balance (3) $ 2.9 $ 3.0 $ 3.1 $ 3.0 $ 3.2 Percentage of loans fixed / floating 64% / 36% 58% / 42% 56% / 44% 55% / 45% 56% / 44% Percentage of fixed, match funded (4) 60.2% 60.4% 82.2% 73.9% 62.8% Percentage of loans 30+ days delinquent 0.2% 1.4% 1.3% 1.7% 1.3% CURRENT QUARTER HIGHLIGHTS GROSS LEVERED YIELD

SBA ORIGINATIONS, ACQUISITIONS, & SERVICING-SEGMENT SNAPSHOT 35.0% • $35.1 million of SBA secondary market loans sales, with an average sale premium of 9.8% Originations of $51.1 million(1) Origination pipeline of $147.2 million SBA loans(2) 30.0% 25.0% • • 20.0% 15.0% 10.0% 5.0% 0.0% Q3 '17 Q4 '17 Q1 '18 Q2 '18 Q3 '18 (5) Gross Levered Yield (ex. Gains)(4)Gains on Loans, held for sale financing costs. 1) 2) 3) 4) Represents fully committed amounts. As of October 31, 2018, including October 2018 fundings. $ in millions, as of quarter end. Includes interest income, accretion of discount, and servicing income net of interest expense and amortization of deferred 5) Includes realized and unrealized gains (losses) on loans held for sale and MSR creation. 8 10.6% 12.4% 8.8% 10.3% 6.4% 21.7% 17.0% 19.8% 20.6% 18.0% Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Portfolio Metrics (Balance Sheet) Number of loans 2,194 2,106 2,062 2,029 1,976 Unpaid Principal Balance (3) $ 530 $ 508 $ 502 $ 489 $ 481 Carrying Value (3) $ 471 $ 455 $ 452 $ 438 $ 434 Weighted Average LTV 78% 78% 78% 79% 79% Weighted Average Coupon 5.9% 5.9% 6.2% 6.4% 6.6% Weighted Average Maturity 14 years 14 years 14 years 14 years 14 years Weighted Average Principal Balance (3) $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 Percentage of loans fixed / floating 1% / 99% 1% / 99% 1% / 99% 1% / 99% 1% / 99% Percentage of loans 30+ days delinquent 5.7% 6.9% 6.0% 3.6% 4.1% CURRENT QUARTER HIGHLIGHTS GROSS LEVERED YIELD

LOAN ACQUISITIONS-SEGMENT SNAPSHOT 60.0% • At this stage of the credit cycle, ample inventory of opportunistic performing SBC loans Acquired $86.4 million of SBC loans Acquisition pipeline of $216.5 million SBC loans(4) 50.0% 40.0% • • 30.0% 20.0% 10.0% 0.0% Q3 '17 Q4 '17 Q1 '18 Q2 '18 Q3 '18 Income on joint venture investment Gross Levered Yield (ex. Gains) 1) 2) 3) 4) Excludes joint venture investment. $ in millions, as of quarter end. Represents fixed rate loans that have been securitized. As of October 31, 2018, including October 2018 acquisitions. 9 36.9% 11.4% 8.0% 6.9% 19.0% 19.2% 18.4% 15.9% 14.5% GROSS LEVERED YIELD CURRENT QUARTER HIGHLIGHTS Portfolio Metrics(1) (Balance Sheet) Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Number of loans 766 858 976 1,019 949 Unpaid Principal Balance (2) $ 378 $ 417 $ 525 $ 602 $ 617 Carrying Value (2) $ 335 $ 376 $ 488 $ 569 $ 588 Weighted Average LTV 52% 49% 50% 51% 49% Weighted Average Coupon 6.3% 6.3% 6.5% 6.6% 6.7% Weighted Average Maturity 9 years 10 years 8 years 8 years 8 years Weighted Average Principal Balance (2) $ 0.5 $ 0.5 $ 0.5 $ 0.6 $ 0.6 Percentage of loans fixed / floating 46% / 54% 49% / 51% 58% / 42% 62% / 38% 65% / 35% Percentage of fixed, match funded (3) 55.1% 43.7% 27.0% 15.5% 11.4% Percentage of loans performing / non-performing 93% / 7% 96% / 4% 97% / 3% 97% / 3% 98% / 2%

RESIDENTIAL MORTGAGE BANKING – SEGMENT SNAPSHOT $8.0 • MSR portfolio of approximately $7.3 billion in UPB, up 3% compared to Q2 • Fair market value of $91.7 million, up 7% compared to Q2 Originations of $472.1 million(2) Loan sales of $496.1 million, up 3% compared to Q2 Origination pipeline of $156.9 million in commitments to originate residential agency loans(2) $6.0 $4.0 • • $2.0 $0.0 • Q3' 17 Q4' 17 Q1'18 Q2'18 Q3'18 1) $ in millions. Represents activity during the quarter. 2) Represents fully committed amounts 10 Fair Q3' 17 Q4' 17 Q1' 18 Q2' 18 Q3' 18 Value ($ mm) $ 68.8 $ 72.3 $ 81.6 $ 85.6 $ 91.7 $7.3 $6.8 $7.0 $6.6 $6.3 CURRENT QUARTER HIGHLIGHTS MSR PORTFOLIO (UPB IN $ BILLIONS) Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Portfolio Metrics (quarterly activity) Originations Unpaid principal balance (1) $ 490.9 $458.7 $438.9 $498.6 $472.1 % of Originations - Purchased 78.8% 71.9% 72.8% 80.6% 79.6% % of Originations - Refinanced 21.2% 28.1% 27.2% 19.4% 20.4% Channel - % Correspondent 37.7% 38.6% 41.0% 36.7% 37.0% Channel - % Retail 37.6% 41.1% 39.3% 41.6% 42.5% Channel - % Wholesale 24.7% 20.3% 19.7% 21.7% 20.5% Sales Unpaid principal balance (1) $ 503.9 $429.1 $475.5 $479.9 $496.1 % of UPB - Fannie/ Freddie securitizations 62.0% 60.6% 68.8% 67.6% 65.6% % of UPB - Ginnie Mae securitizations 26.4% 28.8% 20.4% 23.0% 24.3% % of UPB - Other investors 11.6% 10.6% 10.8% 9.4% 10.1% 

ACTIVE SBC SBA LOAN SECURITIZATION PERFORMANCE AND 11 1) Represents remaining collateral in the securitization Securitization Original Collateral Balance Pool - Factor(1) Issuance Date Delinquency 30+ Delinquency 60+ Delinquency 90+ Cumulative Loss Originated Fixed Rate $727,754 RCMT 2014-1 September 2014 181,922 0.30 0.0% 0.0% 0.0% 0.0% RCMT 2015-2 November 2015 218,757 0.67 0.0% 0.0% 0.0% 0.0% RCMT 2016-3 November 2016 162,075 0.61 0.0% 0.0% 0.0% 0.0% RCMT 2018-4 March 2018 165,000 0.98 0.0% 0.0% 0.0% 0.0% Floating Rate $522,080 RCMF 2017-FL1 August 2017 243,797 0.50 0.0% 0.0% 0.0% 0.0% RCMF 2018-FL2 June 2018 278,283 1.00 0.0% 0.0% 0.0% 0.0% Freddie Mac $1,371,456 FRESB 2016-SB11 January 2016 109,965 0.71 0.0% 0.0% 0.0% 0.0% FRESB 2016-SB18 July 2016 118,037 0.86 0.0% 0.0% 0.0% 0.0% FRESB 2017-SB33 June 2017 219,852 0.94 0.0% 0.0% 1.4% 0.0% FRESB 2018-SB45 January 2018 362,018 0.99 0.0% 0.0% 0.0% 0.0% FRESB 2018-SB52 September 2018 561,584 1.00 0.0% 0.0% 0.0% 0.0% Acquired SBA $189,492 RCLT2015-1 June 2015 189,492 0.43 7.5% 4.0% 2.6% 0.9% Acquired - Perf orming $252,486 WVMT 2011-SBC2 March 2011 97,557 0.25 2.2% 2.2% 1.6% 3.7% SCMT 2017-SBC6 August 2017 154,929 0.62 1.0% 0.4% 0.1% 0.0% Total loan s e curitizations $3,063,268

INTEREST RATE RISK SENSITIVITY ► 45% of our fixed rate loan portfolio is match funded 1) 2) 3) As a percent of carrying value Excludes loans held-for-sale, at fair value Based on portfolio as of September 30, 2018 and assumes no future changes in the composition of the portfolio. 12 INTEREST RATE SENSITIVITY Annual Net Interest Income Per Share (Pre-tax)(3) $0.03 $0.02 $0.01 $-25 basis point 50 basis point 75 basis point 100 basis point increase increase increase increase PORTFOLIO - FIXED VS FLOATING % of Total Loan Exposure (1)(2) Fixed Rate, not match funded, 26.9% Floating Rate, 50.8% Fixed Rate, match funded, 22.3%

2018(1)(2) LOAN PORTFOLIO COMPOSITION SEPTEMBER 30, AS OF 11.1% Offices, 16.2% Services, Other, 51.3% 10.2% (1) As a percent of unpaid principal balance (2) Excludes loans held-for-sale, at fair value 13 SBA Collateral Type Physicians Child Day Care 10.1% Lodging, Veterinarians, Eating Places, 7.0% 5.2% California , 14.6% Texas, 11.3% Other, 51.3% Florida , New York, Georgia, 6.3% 5.4% Collateral Type Other, 15.0%SBA, 19.5% Industrial, 8.7% Office, 15.0%Multi-Family, 22.3% Retail, 19.5% Lien Position Other, 0.9% Subordinated Mortgage, 1.4% First Mortgage, 97.7% Geographic Location

CAPITAL STRUCTURE – REDUCTION LIQUIDITY RISK IN Total Debt + Equity ($M) 14 Funding Mix Corporate Financing (in $M) Principal Balance Coupon YTM Convertible Notes $ 115 7.0% 7.0% Senior Secured Notes $ 180 7.5% 7.0% Retail Baby Bonds $ 50 6.5% 6.5% Total $ 345 7.2% 7.0% $2,012 $2,038 $2,193 $2,382 $2,481 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Common Equity Convertible senior notes Senior secured notes and Corporate debt Credit facilities and repurchase agreements Securitized debt obligations 34% 26% 7% 5% 28% 29% 31% 7% 5% 27% 31% 33% 30% 8% 5% 26% 24% 30% 33% 29% 10% 9% 5% 4% 23% HISTORICAL CAPITAL STRUCTURE CURRENT SOURCES OF FUNDING ► Since going public in Q4 2016, we continue to optimize our capital structure: • Issued $345 million of corporate debt: • Convertible notes: 6 year notes, 7.0% coupon, $115 million • Senior secured notes: 5 year notes, 7.5% coupon •$75 million in 2/2017; YTM of 7.5% •$65 million in 6/2017; YTM of 6.75% •$40 million in 1/2018, YTM of 6.5% • Retail Baby Bonds: 3 year notes, 6.5% coupon, $50 million ► No Q3 securitizations; priced $217.0 million securitization of acquired SBC loans in Q4 (November 2018)

FINANCING LEVERAGE AND 4 3.5 3 2.5 2 1.5 1 0.5 0 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 15 Recourse Total 3.4x 3.2x 2.9x 2.7x 2.4x 2.0x 1.8x 1.7x 1.6x 1.2x HISTORICAL LEVERAGE 9/30/2018 Total Debt-to-Equity Ratio (in millions) Secured borrowings (warehouse credit facilities and borrowings under repo transactions) $ 817.1 Promissory note 5.4 Securitized debt obligations 752.3 Senior secured notes and corporate bonds 227.1 Convertible notes 109.7 Total Debt $ 1,911.6 Total Stockholders' Equity $ 569.0 Total debt-to-equity ratio 3.36 Total recourse debt-to-equity ratio Total Debt $ 1,911.6 Less: Securitized debt obligations (752.3) Total recourse debt $ 1,159.3 Total Stockholders' Equity $ 569.0 Total recourse debt-to-equity ratio 2.04  

LOAN WAREHOUSE FACILITIES Bank Maturity Rate Description and Uses of Funds ► In July 2018, entered into a new warehouse facility with East West Bank to provide financing of up to $50.0 million for new originations of SBA 7(a) loans. 16 (1) $ in millions FacilityAvailable Size (1)Capacity (1) Borrowings under credit facilities JPMorgan May '19 1M L + 2.50% $ 225 $ 138 Borrowings are us ed to finance SBC and SBA loan acquis itions , and SBA loan originations . Keybank Feb '19 1M L + 1.75% 125 107 Borrowings are us ed to finance Freddie Mac SBC loan originations . East West July '20 Prim e +/-0.29 to 0.821% 30 10 Borrowings are us ed to finance SBA loan originations . GMFS facilities < 1 year 1M L + 1.75 to 2.125% 205 128 Borrowings are us ed to finance Res idential Agency loan originations . GMFS - MSR Sept '23 1M L + 2.50% 50 45 Borrowings are us ed to finance Res idential Agency MSRs . Total Borrowings under credit facilities$635$428 Borrowings under repurchase agreements Citibank June '19 1M L + 2.125 to 2.50% $ 500 $ 119 Borrowings are us ed to finance SBC loan originations and SBC loan acquis itions . Deutsche Bank Feb '20 3M L + 2.30 to 2.80% 300 190 Borrowings are us ed to finance SBC loan originations and Trans itional loan originations . JPMorgan Dec '20 1M L + 2.25 to 4.00% 200 163 Borrowings are us ed to finance SBC and Trans itional loan originations , and SBC loan acquis itions . Total Borrowings under repurchase agreements $1,000 $472 Total Secured Borrowings$1,635 $901  

READY CAPITAL SNAPSHOT ($ amounts in thousands, except per share data) Investment Type Average Carrying (2) (3) 1) Average carrying value includes average quarterly carrying value of loan and servicing asset balances 2) Gross yields include interest income, accretion of discount, MSR creation, income from our unconsolidated joint venture, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis. 3) Sutherland finances the assets included in the Investment Type through securitizations, repurchase agreements, warehouse facilities and bank credit facilities. Interest expense is calculated based on interest expense and deferred financing amortization for the quarter ended 9/30/2018 on an annualized basis. Excludes loans, held for sale, at fair value Excludes the equity component of our 2017 convertible note issuance. 17 4) 5) Q3 2018 Earnings Data Metrics Net income attributable to Ready Capital Corporation $ 16,931 Earnings per share - Basic and diluted $ 0.53 Core Earnings per Common Share $ 0.48 Return on Equity per Common Share 12.4% Core Return on Equity per Common Share 11.3% Dividend Yield 9.6% Servicing Portfolio Metrics SBA servicing rights - UPB $ 483,796 SBA servicing rights-carrying value $ 16,688 Freddie Mac servicing rights - UPB $ 916,965 Freddie Mac servicing rights - carrying value $ 9,825 Residential servicing rights - UPB $ 7,278,230 Residential servicing rights - carrying value $ 91,708 Gross Average Debt Value(1) Yield Balance Debt Cost Levered Yield Loan Acquisitions $ 641,001 8.3% $ 564,777 5.5% 29.8% SBC Originations $ 1,346,901 7.2% $ 1,131,960 5.7% 15.3% SBA Originations, Acquisitions, & Servicing $ 451,398 11.2% $ 341,372 5.0% 30.4% Total $ 2,439,300 8.9% $ 2,038,109 5.5% 22.2% Loan Portfolio Metrics (4) Book Equity Value Metrics Common Stockholders' equity $ 549,570 % Fixed vs Floating Rate 49.2% / 50.8% Common Stockholders' equity (adjusted)(5) $ 547,590 % Originated vs Acquired 59.4% / 40.6% Total Common Shares outstanding 32,065,112 Weighted Average LTV - SBC 66% Net Book Value per Common Share $ 17.14 Weighted Average LTV - SBA 79% Adjusted Net Book Value per Common Share $ 17.08 Weighted Average LTV - Acquired 49%

APPENDIX 18

PER SHARE FINANCIAL PERFORMANCE ► Adjusted net book value of $17.08 per common share as of September 30, 2018 19 $0.60 $0.50 $0.40 $0.30 $0.20 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Earnings Core earnings Dividends declared $0.56 $0.53 $0.48 $0.48 $0.47 $0.47 $0.40 $0.40 $0.38 $0.38 $0.37 $0.37 $0.37 $0.37 $0.37 Per Share Trends

BALANCE SHEET QUARTER BY Cash and cash equivalents $ 70,590 $ 63,425 $ 86,773 $ 105,833 $ 47,845 Short-term investments 99,994 — — — — Loans, held f or sale, at f air value 200,318 216,022 160,999 188,752 124,988 Loans eligible f or repurchase f rom Ginnie Mae 101,408 95,158 81,484 79,623 79,600 Derivative instruments 4,131 4,725 5,022 4,758 5,846 Receivable f rom third parties 6,756 6,756 11,064 980 1,529 Assets of consolidated VIEs 944,894 861,662 968,999 1,122,706 1,053,274 Liabilitie s Promissory note, net 6,494 6,107 5,883 5,524 5,363 Convertible notes, net 109,414 108,991 109,226 109,484 109,743 Guaranteed loan f inancing 313,388 293,045 278,500 263,920 246,229 Liabilities f or loans eligible f or repurchase f rom Ginnie Mae 101,408 95,158 81,484 79,623 79,600 Dividends payable 12,289 12,289 12,335 13,340 13,346 Total Liabilitie s $ 1,948,090 $ 1,968,036 $ 2,079,198 $ 2,248,422 $ 2,331,723 Common stock 3 3 3 3 3 Retained earnings (Def icit) (3,952) (3,385) 2,559 5,870 9,698 Non-controlling interests 19,338 19,394 19,737 19,228 19,466 Total Liabilitie s and Stock holde r s ’ Equity $ 2,503,143 $ 2,523,503 $ 2,640,954 $ 2,812,980 $ 2,900,759 20 Adjus te d Book Value pe r Shar e $ 16.68 $ 16.67 $ 16.68 $ 16.95 $ 17.08 Total Stock holde r s ’ Equity $ 555,053 $ 555,467 $ 561,756 $ 564,558 $ 569,036 Total Ready Capital Corporation equity 535,715 536,073 542,019 545,330 549,570 Additional paid-in capital 539,664 539,455 539,457 539,457 539,869 Stock holde r s ’ Equity Accounts payable and other accrued liabilities 54,579 74,636 64,490 72,659 79,089 Derivative instruments 358 282 756 935 39 Contingent consideration 9,037 10,016 10,732 1,686 1,773 Senior secured notes and Corporate notes, net 138,074 138,078 178,688 226,890 227,058 Securitized debt obligations of consolidated VIEs, net 680,282 598,148 679,871 795,503 752,432 Secured borrow ings 522,767 631,286 657,233 678,858 817,051 Total As s e ts $ 2,503,143 $ 2,523,503 $ 2,640,954 $ 2,812,980 $ 2,900,759 Other assets 35,356 56,840 53,592 56,948 59,160 Servicing rights 89,372 94,038 104,613 111,274 118,221 Investment in unconsolidated joint venture— 55,369 50,229 41,598 40,914 Mortgage backed securities, at f air value 41,371 39,922 47,181 50,070 94,341 Loans, net 892,896 1,017,920 1,057,034 1,035,330 1,256,177 Restricted cash 16,057 11,666 13,964 15,108 18,864 (In Thous ands ) 9/30/2017 12/31/2017 3/31/2018 6/30/2018 9/30/2018 As s e ts 

STATEMENT INCOME QUARTER OF BY Interest expense (19,908) (21,067) (22,666) (26,407) (28,925) Provision f or loan losses (466) (506) (167) 397 (800) Non-inte r e s t incom e Other income 1,853 3,130 1,334 1,826 1,204 Servicing income, net of amortization and impairment 6,134 6,787 6,410 6,627 6,922 Non-inte r e s t e xpe ns e Allocated employee compensation and benef its f rom related party (990) (833) (1,200) (1,200) (1,200) Management f ees – related party (2,034) (2,041) (2,013) (2,036) (2,070) Loan servicing expense (3,388) (2,811) (4,093) (3,000) (4,247) Total non-inte r e s t e xpe ns e $ (29,725) $ (30,434) $ (33,693) $ (32,094) $ (30,522) Ne t unr e alize d gain on financial ins tr um e nts 2,678 2,066 3,008 4,457 8,500 Provision f or income taxes 340 (76) (2,563) (665) (895) Less: Net income attributable to non-controlling interest 533 633 664 588 638 Ear nings pe r com m on s har e - bas ic $ 0.37 $ 0.38 $ 0.56 $ 0.48 $ 0.53 Weighted-average shares outstanding - Basic 32,026,494 32,031,494 32,036,504 32,073,717 32,109,642 Divide nds de clar e d pe r s har e of com m on s tock $ 0.37 $ 0.37 $ 0.37 $ 0.40 $ 0.40 21 Weighted-average shares outstanding - Diluted 32,028,980 32,034,610 32,045,844 32,092,750 32,130,262 Ear nings pe r com m on s har e - dilute d $ 0.37 $ 0.38 $ 0.56 $ 0.48 $ 0.53 Ne t incom e attr ibutable to Re ady Capital Cor por ation  $ 11,841 $ 12,097 $ 17,854 $ 15,296 $ 16,931 Ne t incom e $ 12,374 $ 12,730 $ 18,518 $ 15,884 $ 17,569 Income bef ore provision f or income taxes (benef it) $ 12,034 $ 12,806 $ 21,081 $ 16,549 $ 18,464 Ne t r e alize d gain on financial ins tr um e nts 5,695 6,177 12,232 8,620 6,946 Other operating expenses (7,447) (7,752) (8,011) (8,916) (6,548) Incentive f ees – related party— — (408)(269)— Prof essional f ees (2,151) (2,588) (2,648) (2,401) (2,294) Employee compensation and benef its (13,715) (14,409) (15,320) (14,272) (14,163) Total non-inte r e s t incom e $ 18,722 $ 20,435 $ 25,217 $ 19,718 $ 18,978 Income on unconsolidated joint venture — 1,048 5,739 1,503 2,178 Gains on residential mortgage banking activities, net of variable loan expenses $ 10,735 $ 9,470 $ 11,734 $ 9,762 $ 8,674 Ne t inte r e s t incom e afte r pr ovis ion for loan los s e s $ 14,664 $ 14,562 $ 14,317 $ 15,848 $ 14,562 Ne t inte r e s t incom e be for e pr ovis ion for loan los s e s $ 15,130 $ 15,068 $ 14,484 $ 15,451 $ 15,362 (In Thous ands , e xce pt s har e data) Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Interest income $ 35,038 $ 36,135 $ 37,150 $ 41,858 $ 44,287

CORE EARNINGS RECONCILIATION Re conciling ite m s : Unrealized (gain) loss on mortgage servicing rights 1,728 47 (4,155) (253) (1,969) Cor e e ar nings be for e incom e taxe s $ 13,908 $ 12,801 $ 14,442 $ 15,717 $ 15,590 Cor e e ar nings $ 12,871 $ 12,442 $ 15,489 $ 15,781 $ 16,085 Cor e e ar nings attr ibutable to Com m on Stock holde r s $ 12,317 $ 11,823 $ 14,935 $ 15,197 $ 15,501 We ighte d ave r age com m on s har e s outs tanding 32,026,494 32,031,494 32,036,504 32,073,717 32,109,642 22 Cor e e ar nings pe r s har e $ 0.38 $ 0.37 $ 0.47 $ 0.47 $ 0.48 Less: Core earnings attributable to non-controlling interests$ 554 $ 619 $ 555 $ 584 $ 584 Income tax adjustments (1,037) (359) 1,047 64 495 Total reconciling items $ 1,534 $ 71 $ (4,076) $ (167) $ (1,979) Unrealized (gain) loss on mortgage-backed securities$ (194) $ 24 $ 79 $ 86 $ (10) (In Thous ands ) Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Ne t Incom e $ 12,374 $ 12,730 $ 18,518 $ 15,884 $ 17,569

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