Ladder Capital Finance Now Open For Business

Posted by Orb Staff on November 13, 2008 No Comments
Categories : Commercial Mortgage

New York-based Ladder Capital Finance LLC, a newly formed specialty finance company, has commenced operations. The company says its $1 billion of equity and debt capital will provide comprehensive financing options to the commercial real estate industry.

Ladder Capital plans to pursue opportunities resulting from the current lack of liquidity and the long-term structural changes occurring in the commercial real estate financing market. Activities will include the purchase, origination and management of a diverse portfolio of commercial mortgages, including fixed-rate and interim floating-rate mortgages, junior interests in mortgages and mezzanine loans, and commercial mortgage-backed securities.

Brian Harris, former managing director and head of global commercial real estate at UBS, is the company's CEO. He is joined by Greta Guggenheim, president; Marc Fox, chief financial officer; Pamela McCormack, general counsel and head of transaction management; and Robert Perelman, head of asset management.

The team is joined by Alan Fishman, who will serve as the company's chairman of the board. Fishman most recently served as CEO of Washington Mutual.

Source: Ladder Capital

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