Ready Capital Announces the Acquisition of Madison One

June 13, 2024

Delaney Sexton
Contributing Editor

Ready Capital Announces the Acquisition of Madison One

Ready Capital Chief Executive Officer, Thomas Capasse says: “We’re excited to acquire Madison One, a leading USDA loan originator and servicer. The transaction is expected to generate more than $300 million of USDA volume annually, expanding our government-guaranteed small business offerings, while increasing the Company’s gain on sale earnings.”

 Ready Capital Corporation, a multi-strategy real estate finance company that originates, acquires, finances and services small-to-medium balance commercial loans, today announced that it has acquired Madison One Capital, M1 CUSO and Madison One Lender Services (together, “Madison One”), a leading originator and servicer in the highly profitable government guaranteed loan industry focusing on United States Department of Agriculture (“USDA”) and SBA guaranteed loan products.

The transaction will expand Ready Capital’s presence in USDA lending through programs that support guaranteed loans for small businesses and energy projects in rural areas. The addition of Madison One, a leading USDA lender and servicer, meets Ready Capital’s objective to diversify revenue sources and increase the scale of gain-on-sale businesses. Ready Capital is already the fourth largest originator of SBA 7(a) loans to small businesses.

“Partnering with Ready Capital gives Madison One a direct balance sheet, enabling growth of our USDA platform and more flexible financing for rural clients,” says Jason Bengert, a Managing Director of Madison One. Chris Balestrino, also a Managing Director of Madison One, added “We look forward to the many synergies we can benefit from as part of a larger platform, positioning us to extend even more capital into rural America.”