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New York based commercial real estate financing company Ladder Capital Finance has secured $80m in private equity financing from Related Companies. Ladder Capital Finance LLC is a specialty finance company that provides comprehensive financing solutions to the commercial real estate industry. LCF is a fully integrated franchise with direct origination, underwriting and asset-management capabilities. LCF originates and invests in a diverse portfolio of real estate-related assets. Through an integrated and thorough underwriting and investment process.
In a statement, Related CEO Jeff Blau cited Ladder’s deal sheet and said the company was currently undervalued. “Ladder’s core earnings have been positive each quarter since their inception and they have never had a credit loss,” Blau said. Related’s decision to invest in Ladder comes less than three months after rumors circulated that Ladder, which was founded in 2008, was up for sale. Shares of Ladder were trading at about $14 on the New York Stock Exchange on Tuesday morning. The company has a market capitalization of $1.7 billion, according to Yahoo! finance.
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