Latham Advises on US$675 Million Financing for Ladder Capital Corp

Ladder Capital Corp (NYSE: LADR), a leading, investment grade-rated commercial real estate finance REIT, has announced that it has secured US$675 million in new unsecured capital commitments. The capital commitments include a US$400 million expansion of Ladder’s unsecured revolving credit facility capacity to US$1.25 billion and a new unsecured delayed draw term loan facility that permits borrowings of up to US$275 million. The revolving credit facility capacity increase fully exercises the facility’s accordion feature for revolving credit facilities. The amended credit agreement permits additional issuances of term loans of up to an aggregate of US$500 million under a new accordion feature for term loan facilities.

Latham & Watkins LLP represented the lead arrangers in the financing with a banking team led by partner Jason Bosworth and associate Jeff Najjar, with assistance from associate Ian Drazen.