NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (NYSE: LADR) today announced that effective June 22, 2017, Michael Mazzei will be retiring as President of Ladder to join the Company’s Board of Directors and its Risk and Underwriting Committee. Co-founder Pamela McCormack, 46, has been with Ladder since its inception in 2008 and will be promoted from Chief Operating Officer to President.

“This new structure will provide for a seamless transition and consistency in the management of Ladder,” said Brian Harris, Ladder’s Chief Executive Officer. “Mike will remain a valuable resource in his new role and Pamela, a trusted leader who has played a pivotal role in our success and growth, will continue to be a driving force of Ladder’s progress.”

About Ladder

Ladder is an internally-managed real estate investment trust that is a leader in commercial real estate finance. Ladder originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Ladder’s investment activities include: (i) direct origination of commercial real estate first mortgage loans; (ii) investments in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) investments in net leased and other commercial real estate equity. Founded in 2008, Ladder is run by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Led by Brian Harris, the Company’s Chief Executive Officer, Ladder is headquartered in New York City and has branches in Los Angeles and Boca Raton.