Ladder Capital to price $400 million eight-year notes on Monday

By Paul A. Harris

Portland, Ore., Sept. 11 – Ladder Capital Corp. plans to price $400 million of eight-year senior notes in a quick-to-market Monday trade, according to a market source.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The notes come with three years of call protection.

The issuing entities are Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corp.

The New York-based real estate investment trust plans to use the proceeds to repay secured debt and for general corporate purposes.

Ladder originates and invests in commercial real estate and real estate-related assets, focusing on senior secured assets.

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