Ladder Capital guides $500 million five-year bullet in low 5% area; pricing Thursday

By Paul A. Harris

Portland, Ore., March 2 – Ladder Capital Corp. plans to price a $500 million offering of non-callable five-year notes in a quick-to-market Thursday transaction, according to a market source.

Early guidance has the deal coming with a yield in the low 5% area, the source added.

Deutsche Bank Securities Inc. is the lead.

The New York-based commercial real estate finance company plans to use the proceeds to repay debt.

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