<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 4.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">NUMBER *0*</FONT></TD>
    <TD STYLE="width: 50%; padding: 0.25pt; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">SHARES *0*</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; padding: 0.25pt; font-size: 10pt"> </TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 35%; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SEE REVERSE FOR CERTAIN DEFINITIONS<BR>
AND IMPORTANT NOTICE ON TRANSFER<BR>
RESTRICTIONS AND OTHER INFORMATION</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">CUSIP 75574U 887</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">THIS CERTIFICATE IS TRANSFERABLE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">IN THE CITIES OF</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>READY CAPITAL CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">a Corporation Formed Under the Laws of the State
of Maryland</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS CERTIFIES THAT **Specimen**
is the owner of **Zero (0)**  fully paid and nonassessable shares of 6.50% Series E Cumulative Redeemable Preferred Stock, $0.0001
par value per share, of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ready Capital Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(the “Corporation”) transferable on
the books of the Corporation by the holder hereof in person or by its duly authorized attorney, upon surrender of this Certificate properly
endorsed.  This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions
of the charter of the Corporation and the Bylaws of the Corporation and any amendments or supplements thereto.  This Certificate
is not valid unless countersigned and registered by the Transfer Agent and Registrar.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the Corporation has caused
this Certificate to be executed on its behalf by its duly authorized officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">DATED:  </FONT></TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid; font-size: 10pt; text-align: justify"> </TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: justify"> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Countersigned and Registered:</FONT></TD>
    <TD> </TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(SEAL)  </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Transfer Agent and Registrar</FONT></TD>
    <TD> </TD>
    <TD><FONT STYLE="font-size: 10pt">President</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"> </TD>
    <TD> </TD>
    <TD> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"> </TD>
    <TD> </TD>
    <TD> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="width: 47%; border-bottom: black 1pt solid"> </TD>
    <TD STYLE="width: 1%"> </TD>
    <TD STYLE="width: 50%; border-bottom: black 1pt solid"> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD> </TD>
    <TD><FONT STYLE="font-size: 10pt">Authorized Signature</FONT></TD>
    <TD> </TD>
    <TD><FONT STYLE="font-size: 10pt">Secretary</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>IMPORTANT NOTICE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Corporation will furnish
to any stockholder, on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations
and Associations Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other
rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of
redemption of the stock of each class which the Corporation has authority to issue and, if the Corporation is authorized to issue any
preferred or special class in series, (i) the differences in the relative rights and preferences between the shares of each series
to the extent set, and (ii) the authority of the Board of Directors to set such rights and preferences of subsequent series.  The
foregoing summary does not purport to be complete and is subject to and qualified in its entirety by reference to the charter of the Corporation
(the “Charter”), a copy of which will be sent without charge to each stockholder who so requests.  Such request
must be made to the Secretary of the Corporation at its principal office or to its Transfer Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The shares represented by
this certificate are subject to restrictions on Beneficial Ownership and Constructive Ownership and Transfer for the purpose, among others,
of the Corporation’s maintenance of its qualification as a real estate investment trust under the Internal Revenue Code of 1986,
as amended (the “Code”). Subject to certain further restrictions and except as expressly provided in the Charter, (i) no Person
may Beneficially Own or Constructively Own shares of Common Stock in excess of 9.8 percent (in value or number of shares, whichever is
more restrictive) of the outstanding shares of Common Stock unless such Person is an Excepted Holder (in which case the Excepted Holder
Limit shall be applicable); (ii) no Person may Beneficially Own or Constructively Own shares of Capital Stock in excess of 9.8 percent
(in value or number of shares, whichever is more restrictive) of the total outstanding shares of Capital Stock, unless such Person is
an Excepted Holder (in which case the Excepted Holder Limit shall be applicable); (iii) no Person may Beneficially Own or Constructively
Own Capital Stock that would result in the Corporation being “closely held” under Section 856(h) of the Code (without regard
to whether the ownership interest is held during the last half of a taxable year) or otherwise cause the Corporation to fail to qualify
as a REIT; (iv) no Person may Transfer shares of Capital Stock if such Transfer would result in the Capital Stock being beneficially owned
by fewer than 100 Persons, (v) prior to the date that either each class or series of Capital Stock qualifies as a class of Publicly-Offered
Securities or the Corporation qualifies for another exception to the Plan Asset Regulations (other than the Insignificant Participation
Exception), no Person shall Transfer or attempt to Transfer shares of Capital Stock to the extent such Transfer would result in holding
of any class or series of Capital Stock by Benefit Plan Investors being deemed to be significant for purposes of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”); and (vi) prior to the date that either each class or series of Capital
Stock qualifies as a class of Publicly-Offered Securities or the Corporation qualifies for another exception to the Plan Asset Regulations
(other than the Insignificant Participation Exception), no Person (other than an underwriter that participates in the initial private
placement of Capital Stock of the Corporation) shall Transfer or attempt to Transfer shares of Capital Stock unless such Person obtains
from its transferee a representation and agreement that (1) its transferee is not (and will not be), and is not acting on behalf
of, a Benefit Plan Investor or Controlling Person and (2) such transferee will obtain from its transferee the representation and
agreement set forth in this sentence (including without limitation clauses (1) and (2)). . Any Person who Beneficially
Owns or Constructively Owns or attempts to Beneficially Own or Constructively Own shares of Capital Stock which causes or will cause a
Person to Beneficially Own or Constructively Own shares of Capital Stock in excess or in violation of the above limitations must immediately
notify the Corporation. If any of the restrictions on transfer or ownership are violated, the shares of Capital Stock in excess or in
violation of the above limitations will be automatically transferred to a Trustee of a Trust for the benefit of one or more Charitable
Beneficiaries. In addition, the Corporation may redeem shares upon the terms and conditions specified by the Board of Directors in its
sole discretion if the Board of Directors determines that ownership or a Transfer or other event may violate the restrictions described
above. Furthermore, upon the occurrence of certain events, attempted Transfers in violation of the restrictions described above may be
void ab initio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to certain further
restrictions and except as expressly provided in the Charter, including the Articles Supplementary establishing the Series E Preferred
Stock, no Person may Beneficially Own or Constructively Own shares of Series E Preferred Stock In excess of 9.8 percent (in value or
number of shares, whichever is more restrictive) of the outstanding shares of Series E Preferred Stock unless such Person is a Series
E Excepted Holder (in which case the Series E Excepted Holder Limit shall be applicable). Any Person who Beneficially Owns or Constructively
Owns or attempts to Beneficially Own or Constructively Own shares of Series E Preferred Stock which causes or will cause a Person to
Beneficially Own or Constructively Own shares of Series E Preferred Stock in excess or in violation of the above limitation must <FONT STYLE="font-size: 10pt">immediately
notify the Corporation. If the restriction on transfer or ownership as set forth above is violated, the shares of Series E Preferred
Stock in excess or in violation of the above limitation will be automatically transferred to a Series E Trustee of a Series E Trust for
the benefit of one or more Series E Charitable Beneficiaries. In addition, the Corporation may redeem shares upon the terms and conditions
specified by the Board of Directors in its sole discretion if the Board of Directors determines that ownership or a Transfer or other
event may violate the restriction described above. Furthermore, upon the occurrence of certain events, attempted Transfers in violation
of the restriction described above may be void ab initio. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unless otherwise defined herein.
Unless otherwise defined herein, all capitalized terms in this legend have the meanings defined in the Charter, as the same may be amended
from time to time, a copy of which, including the restrictions on transfer and ownership, will be furnished to each holder of Capital
Stock on request and without charge. Requests for such a copy may be directed to the Secretary of the Corporation at its principal office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 3.5in"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">KEEP THIS CERTIFICATE IN A SAFE PLACE.  IF
IT IS LOST, STOLEN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND
OF INDEMNITY AS A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 3.5in"> </P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 3.5in"> </P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following abbreviations, when used in the inscription on the face
of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">TEN COM</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">as tenants in common</FONT></TD>
    <TD> </TD>
    <TD><FONT STYLE="font-size: 10pt">UNIF GIFT MIN ACT</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Custodian</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%"><FONT STYLE="font-size: 10pt">TEN ENT</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="width: 37%"><FONT STYLE="font-size: 10pt">as tenants by the entireties</FONT></TD>
    <TD STYLE="width: 2%"> </TD>
    <TD STYLE="width: 22%"> </TD>
    <TD STYLE="width: 13%"><FONT STYLE="font-size: 10pt">(Custodian)</FONT></TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-size: 10pt">(Minor)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">JT TEN</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD ROWSPAN="2"><FONT STYLE="font-size: 10pt">as joint tenants with right of survivorship and not as tenants in common</FONT></TD>
    <TD> </TD>
    <TD> </TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">under Uniform Gifts to Minors Act of</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD> </TD>
    <TD> </TD>
    <TD> </TD>
    <TD> </TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">(State)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Additional abbreviations may also be used though
not in the above list.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 240px"><FONT STYLE="font-size: 10pt">FOR VALUE RECEIVED,</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">HEREBY SELLS, ASSIGNS AND TRANSFERS UNTO</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Please Print or Typewrite Name and Address, Including
Zip Code, of Assignee)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(        
) shares of the 6.50% Series E Cumulative Redeemable Preferred Stock of the Corporation represented by this Certificate and do hereby
irrevocably constitute and appoint           attorney to transfer the said shares on
the books of the Corporation, with full power of substitution in the premises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font-size: 10pt">Dated:</FONT></TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid; text-align: justify"> </TD>
    <TD STYLE="width: 50%; text-align: justify"> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"> </TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify"> </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify"> </TD>
    <TD STYLE="width: 50%; text-align: justify"><FONT STYLE="font-size: 10pt">NOTICE:  The Signature To This Assignment Must Correspond With The Name As Written Upon The Face Of The Certificate In Every Particular, Without Alteration Or Enlargement Or Any Change Whatever.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5in; text-indent: 4in"> </P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>