SOFR 1 Month Term+
4.21714%
Prime Rate
7%
5 Year
Treasury: 3.788% ▲Spread: 0.002%Swap: 3.790% ▲
7 Year
Treasury: 3.721% ▲Spread: -0.081%Swap: 3.640% ▲
10 Year
Treasury: 3.603% ▲Spread: -0.053%Swap: 3.550% ▲
30 Year
Treasury: 3.628% ▲Spread: -0.398%Swap: 3.230% ▲

SOFR 1 Month Term:+ 4.21714%
Prime Rate: 0.00%
5 Year Treasury: 0.000% ▲
5 Year Spread: 0.0000%
5 Year Swap: 0.000% ▲
7 Year Treasury: 0.000% ▲
7 Year Spread: 0.0000%
7 Year Swap: 0.000% ▲
10 Year Treasury: 0.000% ▲
10 Year Spread: 0.0000%
10 Year Swap: 0.000% ▲
30 Year Treasury: 0.000% ▲
30 Year Spread: 0.0000%
30 Year Swap: 0.000% ▲
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212-715-3170
NYSE: LADR

Lending Parameters

Lending Parameters

ADAM SIPER
Head of Origination
(212) 715-3162 or
adam.siper@laddercapital.com

 

  Bridge Lending Conduit Lending
Loan Amount $10MM –> $275MM+ $2MM –> $450MM+
Loan Term 1 – 3 years + extensions 5, 7, & 10 years
Asset Types Multifamily, Office, Retail, Hotel, & other asset classes (deal specific) Multifamily, Office, Retail, Hotel, & other asset classes (deal specific)
Security First Mortgage First Mortgage & Mezzanine
Borrower Entity Single Purpose Entity Single Purpose Entity
Loan-to-Value < 75% LTV; higher leverage and
mezzanine transactions considered on a deal-by-deal basis
< 75% LTV; higher leverage and
mezzanine transactions considered on a deal-by-deal basis
DSCR Requirement Deal Specific 1.30x on LCF UW NCF (1.25x for MF)
Amortization IO + AM (deal specific) IO / 30yr AM (deal specific)
Interest Rate SOFR-Based Floating (S+300 floor) Competitive Swap / Treasury based pricing
Origination Fee 1.00% of the Loan amount Generally par
Exit Fee Generally 1.00% of the Loan amount (deal specific). Exit fee may be waived if loan is refinanced by Ladder None
TI/LC, Capex, & Other Reserves Determined by Borrower & Ladder (deal specific) Upfront and/or ongoing TI/LC & Capex reserves (deal specific exceptions)
Prepayment Flexible (no lockout) Defeasance / yield maintenance
Recourse Non-Recourse (standard carve-outs) Non-Recourse (standard carve-outs)