• Tue. Jun 7th, 2022

Koch Real Estate Investments Makes $ 32 Million Long-Term Investment in Ladder Capital Corp


Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) has announced that a subsidiary of Koch Real Estate Investments, LLC has exercised its option to invest $ 32 million in Ladder common stock, this which enabled Ladder to issue 4 million shares today.

Koch exercised its option to do so under the strategic financing agreement reached in April 2020, in which Koch agreed to provide the company with $ 206.4 million in senior secured financing to fund transitional loans. and land.

“We are delighted to have a leading investor like Koch Real Estate Investments as a new long-term equity investor in Ladder,” said Brian Harris, CEO of Ladder.

Jake Francis, President of Koch Real Estate Investments, said, “We respect Ladder’s prudent risk management and credit culture. During the COVID-19 pandemic, Ladder’s management has kept their word, taking appropriate action to protect Ladder’s shareholders and positioning the company to capitalize on the expected dislocation in the commercial real estate industry over the next several years. Exercising our Ladder Investment Option was an easy choice. “

About the ladder

Ladder Capital Corp is an internally managed commercial real estate investment trust with over $ 6 billion in assets. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation’s leading providers of commercial real estate capital, we specialize in underwriting commercial real estate and offering flexible capital solutions within a sophisticated platform.

Ladder creates and invests in a diversified portfolio of commercial and real estate-related real estate assets, with a focus on senior secured assets. Our investing activities include: (i) our core business of providing fixed and variable rate first mortgage loans secured by commercial real estate with flexible lending structures; (ii) invest in high quality securities secured by first mortgage loans on commercial real estate; and (iii) owning and operating commercial real estate, including net leased commercial property.

Founded in 2008 and led by Brian Harris, the Chief Executive Officer of the Company, Ladder is led by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Ladder’s management and board are very close to the company’s investors, holding over 10% of the company’s equity.

About Koch Real Estate Investments

Dallas, Texas-based Koch Real Estate Investments (KREI) is focused on attractively deploying risk-adjusted capital in real estate assets and operating companies with an agnostic approach to product, geography and capital situation. KREI ​​emphasizes top management teams and flexible capital solutions that align interests to generate mutual benefits with its partners.

Since 2003, Koch’s companies have invested nearly $ 120 billion in growth and improvements. With operations in more than 70 countries, the Koch companies employ 130,000 people worldwide, including approximately 65,000 in the United States. From January 2009 to present, Koch companies have won more than 1,300 awards for safety, environmental excellence, community management, innovation and customer service. For more news and information visit www.KOCHind.com.

Forward-looking statements and risk of coronavirus

Certain statements in this press release may constitute “forward-looking” statements, including statements regarding Ladder’s prospects and its ability to benefit from any disruption in the commercial real estate industry in the future. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are predictions only, not historical facts, and involve certain risks and uncertainties, as well as assumptions. Actual results, activity levels, performances, achievements and events could differ materially from those stated, anticipated or implied by these forward-looking statements. Although Ladder believes its assumptions to be reasonable, it is very difficult to predict the impact of known factors and, of course, it is impossible to anticipate all of the factors that could affect actual results, including the impact of the COVID-19 pandemic on Corporate Affairs. There are a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements made in this document, including the risks described under the heading “Risk Factors” in each of the Company’s annual reports. Company on Form 10-K. for the fiscal year ended December 31, 2019 and the quarterly report on Form 10-Q for the period ended September 30, 2020, as well as its consolidated financial statements, the accompanying notes and other financial information therein, and its other documents filed with the United States Security and Trade Commission. These forward-looking statements are made only as of the date of this press release. Ladder expressly disclaims any obligation or commitment to publish any update or revision of any forward-looking statement contained herein to reflect any change in its expectations in this regard or changes of events, conditions or circumstances upon which such statement is based.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20201229005396/en/

Contacts

Investors
Ladder Capital Corp Investor Relations
(917) 369-3207
[email protected]