Ladder Capital extends committed funding facilities and revolver

By Sarah Lizee

Olympia, Wash., Jan. 9 – Ladder Capital Corp. extended the maturity dates of five of its loan repurchase facilities, totaling $1.4 billion of committed funding capacity, its $400 million committed securities repurchase facility and its $266 million revolver, according to a press release.

Ladder amended the maturity dates of four of its loan repurchase facilities to between December 2023 and December 2024, including all extension options.

In addition, Ladder extended the maturity date of a fifth loan repurchase facility to December 2020, which may be extended periodically with the lender’s consent.

The average remaining term of the company’s loan repurchase facilities is now 3.8 years, including options to extend.

Ladder also amended the maturity date of its committed securities repurchase facility to December 2021 and amended the maturity date of its revolver to February 2025.

Ladder is a New York-based real estate investment trust.

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