About Ladder Capital Asset Management
Ladder Capital Asset Management LLC (“LCAM”) is dedicated to investment opportunities in commercial real estate (“CRE”) secured credit products on behalf of its clients. This targeted approach plays to LCAM’s in-house expertise, and is designed to appeal to investors seeking to build portfolios with tightly-controlled, self-selected, custom concentrations.
LCAM is principally focused on investment grade rated commercial mortgage backed securities (“CMBS”) and other CRE-related bond investments with the following benefits:
- generally secured obligations
- multiple layers of credit support via subordinated bonds and equity
- liquid and active markets, and
- historically attractive yields relative to similarly rated unsecured corporate bonds
LCAM portfolios are designed to deliver income with a consistent focus on capital preservation. LCAM pursues a disciplined bottom-up management approach that carefully analyzes the risk characteristics of each security. Portfolio Managers at LCAM have deep expertise in commercial mortgage investing, offering the benefits of an asset class that has been previously out of reach for non-institutional investors.
Average CRE experience of Portfolio Managers
302 Basis Points
Average annual excess yield of CMBS Bonds rated BBB over Corporate Bonds rated BBB (5-Year Average through 7/31/2016)
Source: Deutsche Bank Commercial Real Estate Debt Research for BBB-rated CMBS bond yield data (represents new-issue CMBS yields) and Bank of America Merrill Lynch BBB U.S. Corporate Bond Index for BBB rated corporate bond yield data. These indices do not reflect performance of any Ladder portfolio and individuals cannot invest directly in an index. Past performance is not indicative of future results.