NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (NYSE: LADR) is mindful of the impact the global COVID-19 pandemic has had on its employees, clients, financing partners and shareholders. The Company is providing a current update to all of its constituents regarding the steps Ladder has taken in response to the turbulent market conditions accompanying the spread of the virus. Ladder will continue to exercise appropriate caution as the Company endeavors to prudently navigate through this uncertain environment.

As of today, Ladder has over $300 million of cash after having just paid its previously announced quarterly cash dividend. The Company has also timely met all margin calls.

Consistent with Ladder’s long-standing philosophy of pro-actively managing risk, the Company recently engaged Moelis & Company LLC to evaluate financing alternatives to enable it to both navigate potential further market dislocations as well as take advantage of opportunities created by those dislocations.

About Ladder

Ladder Capital Corp (NYSE: LADR) is an internally-managed commercial real estate investment trust with over $6 billion of assets. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation’s leading commercial real estate capital providers, we specialize in underwriting commercial real estate and offering flexible capital solutions within a sophisticated platform.