Investor Presentaiton

INVESTMENT & RISK MANAGEMENT PROCESS LC LADDER CAPITAL Separate departments function as “check & balance” on internal process Origination Credit/ Underwriting Transaction Management Investment Committee Asset Management ✓ 17 originators, including 3 managing directors ✓ Key relationships with direct borrowers & leading brokers nationwide Compensation linked to loan performance, not volume ✓ Independent underwriter leads due diligence ✓ Independent appraisal and third party reports ✓ Visit every asset prior to funding Limited outsourcing to ensure quality and accountability Independent, highly- experienced team of attorneys leads legal process and closings ✓ Conduct legal diligence and manage outside counsel ✓ Oversee securitizations and asset dispositions ✓ Comprehensive Credit Committee Memo and meeting for every investment ✓ Management (with significant LADR ownership stake) approves every investment Risk and Underwriting Committee of the Board approves investments above certain size thresholds ✓ Maintain direct dialogue ✓ with loan servicers and borrowers Proactively manage and oversee all assets ✓ Conduct regular formal asset and portfolio reviews ✓ Provide comprehensive quarterly reporting 26

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