Ladder Capital Asset Management LLC (“LCAM”), a registered investment adviser subsidiary of Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR), today announced the launch of the Ladder Select Bond Fund (the “Fund”).
The Fund seeks a combination of current income and capital preservation. Under normal market conditions, the Fund intends to invest primarily in commercial real estate-related bonds and commercial mortgage backed securities (“CMBS”), and will principally invest in CMBS that are rated investment grade at the time of purchase by at least one nationally recognized statistical rating organization (“NRSRO”) or, if unrated, are determined by LCAM to be of comparable credit quality.
The Fund’s Portfolio Managers are Brian Harris, the Chief Executive Officer of Ladder and a founder of the Company, with 31 years of experience in commercial real estate finance; and Craig Sedmak, a Managing Director at Ladder with 16 years of experience in the real estate and financial markets.
“We are proud to offer investors a distinctive strategy focused on commercial real estate finance in the form of a no-load, daily liquidity mutual fund,” commented Brian Harris, Chief Executive Officer of Ladder and a Portfolio Manager of the Fund. “The introduction of the Ladder Select Bond Fund broadens Ladder’s commercial real estate and asset management franchise while making our sector expertise available in a new and highly-targeted product offering.”
For more information about Ladder Capital Asset Management LLC and its product offerings, please visit www.ladderfunds.com.
Ladder is an internally-managed real estate investment trust that is a leader in commercial real estate finance. Ladder originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Ladder’s investment activities include (i) direct origination of commercial real estate first mortgage loans; (ii) investments in investment grade rated securities secured by first mortgage loans on commercial real estate; and (iii) investments in net leased and other commercial real estate equity. Founded in 2008, Ladder is run by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Led by Brian Harris, the Company’s Chief Executive Officer, Ladder is headquartered in New York City and has branches in Los Angeles and Boca Raton.
There is no assurance that the Fund will achieve its investment objective.
Please consider the Fund’s investment objectives, risks, and charges carefully before investing. This information and other important information about the Fund can be found in the Fund’s current Prospectus, which may be obtained by calling your financial advisor or shareholder services at (888) 859-5867. Please read the Prospectus carefully before investing. Ladder Select Bond Fund is distributed by Ultimus Fund Distributors, LLC.