Ladder Capital Locks In $675M to Fuel CRE Lending

Ladder Capital Corp., an investment grade-rated commercial real estate finance REIT, has secured $675 million in new unsecured capital commitments, including a $400 million expansion of its unsecured revolving credit facility to $1.25 billion and a new $275 million unsecured delayed draw term loan facility. 

The revolver expansion fully exercises the facility’s accordion feature, while the amended agreement allows for additional term loan issuances of up to $500 million under a new accordion provision. The expanded revolving credit facility is priced at 125 basis points over SOFR, while the delayed draw term loan carries pricing of 140 basis points over SOFR, with a fully extended maturity of February 20, 2030, a draw period through February 20, 2027, and step-down pricing tied to credit rating upgrades. 

NY-headquartered Ladder said it expects to deploy the capital to support its growing origination pipeline, having originated more than $1.3 billion in loans since June 30, 2025. 

“Having originated over $1.3 billion in loans since June 30, 2025, this capital strengthens our ability to continue expanding our loan originations, delivering tailored solutions to our clients and driving earnings growth for our shareholders,” said Brian Harris, CEO of Ladder Capital. 

Thirteen lenders participated in the financing. JPMorgan Chase Bank, N.A. is administrative agent and collateral agent on the amended facility, alongside a syndicate that includes Wells Fargo, Bank of America, M&T Bank, Société Générale, Citibank, U.S. Bank, Barclays, Citizens, The Huntington National Bank, Raymond James Bank, Deutsche Bank, and Pinnacle Bank on the revolver, with a subset lending on the delayed draw term loan. Kirkland & Ellis LLP served as legal counsel to Ladder.