Ladder Capital Corp

Ladder Capital is an internally-managed real estate investment trust (REIT) focused on commercial real estate finance. The company originates and invests in a diverse portfolio of commercial real estate and related assets, primarily senior secured assets. Its investment activities include originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate, owning and operating commercial real estate including net leased commercial properties, and investing in investment grade securities secured by first mortgage loans on commercial real estate. Ladder Capital's businesses, which encompass balance sheet lending, conduit lending, securities investments, and real estate investments, generate net interest and rental income. From its inception in October 2008 through December 31, 2025, the company originated $31.3 billion of commercial real estate loans. During the same period, it acquired $16.0 billion of predominantly investment grade-rated securities secured by first mortgage loans on commercial real estate and $2.2 billion of selected net leased and other real estate assets. As part of its commercial mortgage lending, Ladder Capital originates conduit loans, which are first mortgage loans on stabilized, income-producing commercial real estate properties intended for sale in commercial mortgage-backed securities (CMBS) securitizations. From October 2008 through December 31, 2025, the company originated $17.0 billion of conduit loans, of which $16.9 billion were sold into 75 CMBS securitizations.