Ladder Capital and Other Nonbank Lenders See Booming Business

Wall Street Journal, Sept. 28, 2021–Peter Grant (subscription)
When the pandemic hit the commercial mortgage finance industry in the spring last year, Ladder Capital Corp.’s chief executive spent so much time glued to his desk at his home office he developed a rash on the back of his legs. “I didn’t move from the chair in three days,” recalls the CEO, Brian Harris. Today, Ladder and other so-called nonbank lenders are on track to have one of their biggest years for loan volume.