Ready Capital appoints new executives, restructures leadership

Ready Capital Corporation (NYSE: RC) announced several leadership changes, appointing Dominick Scali as Chief Credit Officer and Co-President of ReadyCap Commercial, the company's commercial real estate lending business.

Scali has served as Managing Director and Co-Head of Bridge Lending at Ready Capital since 2015. He previously held credit and underwriting positions at Doral Bank and Anglo Irish Bank, and began his career at Citigroup in affordable housing. He holds a bachelor's degree from Columbia University.

The company also promoted David Cohen to Co-President of ReadyCap Commercial. Cohen previously served as Chief Production Officer and Co-Head of Bridge Lending. His background includes positions at Doral Property Finance, GE Real Estate, CIBC World Markets, and Paine Webber Real Estate Securities. Cohen earned degrees from SUNY-Albany, Syracuse University School of Management, and Syracuse University College of Law.

Chief Executive Officer Thomas Capasse stated the appointments position the company to navigate challenges in its commercial real estate business and pursue new opportunities.

Gary Taylor stepped down as Chief Operating Officer but will continue as Chief Executive Officer of ReadyCap Lending, a subsidiary that operates as one of the largest lenders under the U.S. Small Business Administration 7(a) program. Matt Cohen was promoted to Head of Operations and Chief Technology Officer, having worked at Waterfall Asset Management since 2010.

Adam Zausmer resigned as Chief Credit Officer following a mutual separation agreement with the company. Ready Capital expects to enter into a consulting agreement with Zausmer pending final terms.

The New York-based company specializes in commercial real estate finance and employs approximately 450 professionals nationwide.

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