Investor Presentaiton
LC
LADDER
QUARTERLY LOAN PRODUCTION
CAPITAL
Ladder is "back on offense,” deploying its substantial cash balance and replenishing its base of earning assets
$1,000
$968
$800
$712
$677
$600
$400
$200
$0
Gross Loan Funding Volume ($mm)
$456
$420
$418
$732
Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019
$858
Conservatively elected to focus on principal
preservation and building up liquidity
$527
Redeploying capital into new
post-COVID balance sheet loans
$158
$724
$553
$20
$9
$10
Q4 2019 Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Unrestricted Cash1: $68
$52
$50
$68
$45
$127
$83
$58
$358
$826
$876
$1,254
$1,306
$1,170
$758
✓ Received >$1.9 billion of loan payoffs during pandemic (~58% of portfolio)
✓ Over 45% of current loan portfolio comprised of post-COVID loan originations
✓ Increased earnings power with upswing in originations and larger loan portfolio in place
1. Represents quarter-end unrestricted cash balance
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