Ladder Capital™ is a commercial real estate specialty finance company. The company originates $5 – $250 million commercial mortgage loans secured by retail, office, hotel, industrial, and multifamily assets located throughout the United States. The company's loans include 5, 7 and 10-year fixed-rate loans, generally for conduit execution. The company also offers flexible floating rate mortgage loans for unstabilized transitional assets as well as for bridge acquisition financing. Generally, Ladder retains floating rate loans on its balance sheet through the loan term and can provide for earnouts/future fundings, flexible prepayment structure and a seamless conversion to a fixed rate loan upon successful implementation of the business plan. Lease up scenarios, short term discounted payoffs and recapitalizations are ideal candidates for Ladder’s floating rate program. The company also selectively acquires net lease properties.

 

Ladder Capital is comprised of an experienced team of 50 professionals that focus on originating, underwriting, acquiring, structuring, managing and securitizing a diverse portfolio of commercial real estate mortgages, real estate and real estate-related assets through various economic cycles and market conditions. Ladder Capital is headquartered in New York City and recently opened a Dallas branch.

 

681 Fifth Avenue

$150,000,000

 

7-year fixed rate first mortgage on an 82,573 SF Class A mixed use building located on Fifth Avenue in New York City. Subsequent to closing, Ladder securitized $125 million and sold a $25 million mezzanine note. The retail portion of the property serves as the Tommy Hilfiger flagship store. Loan proceeds were used to refinance and fund TI/LC reserves for future office leasing. In 2009, the property underwent an extensive renovation consisting of a complete modernization of retail and office space.