Ladder Capital Corp. has secured $675 million in new unsecured capital commitments. The 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 increase fully exercises the facility’s “accordion” feature. 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.
The expanded unsecured revolving credit facility provides Ladder with same-day access to additional capital at the facility’s 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 Feb. 20, 2030, pricing step-downs with credit rating upgrades, and a draw period through Feb. 20, 2027.
In 2025, Ladd
