The Loans segment originates conduit first mortgage loans that are secured by cashflowing commercial real estate and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition including leaseup sellout and renovation or repositioning It also invests in note purchase financings subordinated debt mezzanine debt and other structured finance products related to commercial real estate The Securities segment invests in commercial mortgagebacked securities and the US Agency Securities This segment also invests in corporate bonds and equity securities The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties such as leased properties office buildings student housing portfolios hotels industrial buildings shopping center and condominium units The company qualifies as a real estate investment trust for federal income tax purposes It generally would not be subject to federal corporate income taxes if it distributes at least 90 of its taxable income to its stockholders Ladder Capital Corp was founded in 2008 and is headquartered in New York New York