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Ladder Capital Corp LADR

Ladder Capital Corp is a commercial real estate investment trust. The Company's segments include loans, securities, and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment is composed of all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS), United States Agency Securities, corporate bonds and equity securities. The real estate segment includes net leased properties, office buildings, student housing portfolios, hotels, industrial buildings, a shopping center and condominium units. Corporate/other includes the Company’s investments in joint ventures, other asset management activities and operating expenses. It invests primarily in senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures.


NYSE:LADR - Post by User

Post by Humaniston Dec 29, 2020 4:30pm
109 Views
Post# 32193567

koch invests 32 mlns in ladder

koch invests 32 mlns in ladder

Koch's real estate arm invests $32M in Ladder Capital stock

Dec. 29, 2020 4:24 PM ETLadder Capital Corp (LADR)By: Liz KiescheSA News Editorkoch invests 32 m in ladder
  • An affiliate of Koch Real Estate Investments exercises its option to invest $32M in Ladder Capital's (NYSE:LADR) common equity, resulting in Ladder issuing 4M shares today.
  • Koch originally received the option as part of its April 2020 agreement that provided Ladder with $206.4M in senior secured financing to fund transitional and land loans.
  • LADR rises 0.5% in after-hours trading.
  • After the initial market turmoil caused by the pandemic, Ladder had received the funding from Koch Industries' real estate arm and $310.2M of proceeds from a CLO with Goldman Sachs Bank USA.

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