Business
Ladder Closes $675 Million in New Unsecured Capital Commitments, Including Expansion of Revolver Capacity to $1.25 Billion
NEW YORK, February 23, 2026--Ladder Capital Corp ("Ladder," the "Company," "we" or "our") (NYSE: LADR), a leading, investment grade-rated commercial real estate finance REIT, announced today that it has secured $675 million in new unsecured capital commitments. The capital commitments include a $400 million expansion of Ladder’s unsecured revolving credit facility capacity to $1.25 billion and a new unsecured delayed draw term loan facility that permits borrowings of up to $275 million. The revo
About this update from Ladder Capital Corp
[{"type":"text","content":"NEW YORK, February 23, 2026--(BUSINESS WIRE)--Ladder Capital Corp ("Ladder," the "Company," "we" or "our") (NYSE: LADR), a leading, investment grade-rated commercial real estate finance REIT, announced today that it has secured $675 million in new unsecured capital commitments. The capital commitments include a $400 million expansion of Ladder’s unsecured revolving credit facility capacity to $1.25 billion and a new unsecured delayed draw term loan facility that permits borrowings of up to $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 $500 million under a new "accordion" feature for term loan facilities.","length":868,"tagName":"p"},{"type":"text","content":"The expanded unsecured revolving credit facility capacity provides Ladder with same-day access to additional capital at the facility’s attractive cost of 125 basis points over SOFR. The $275 million unsecured delayed draw term loan is priced at 140 basis points over SOFR, with a fully extended maturity of February 20, 2030, pricing step downs with credit rating upgrades, and a draw period through February 20, 2027.","length":418,"tagName":"p"},{"type":"text","content":"In 2025, Ladder became the only commercial mortgage REIT to achieve investment grade ratings. Ladder is currently rated Baa3 from Moody’s Ratings and BBB- from Fitch Ratings, both with stable outlooks. In January 2026, S&P Global Ratings upgraded Ladder’s credit rating to BB+ with a stable outlook, one notch below investment grade.","length":337,"tagName":"p"},{"type":"text","content":"This additional borrowing capacity further strengthens Ladder’s position as the only commercial mortgage REIT able to operate independently of third-party secured financing and the CLO markets. Ladder expects to deploy the additional capital to fund its growing origination pipeline.","length":283,"tagName":"p"},{"type":"text","content":""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 share...