Ladder Capital Corp (NYSE:LADR) Q1 2024 Earnings Call Transcript

And with SOFR at 5.3 something percent and you have to buy a cap that gets a little expensive. And I understand why some people are just reevaluating the investment decision there. So I think it’ll pass though. I don’t think it’s a giant corner of the earth that is going to default. I think there’s – you’ve all heard the numbers. You don’t need them from me as to what’s coming due in the next few years. But things that were purchased five and six years ago, and if they’re not office buildings, yes, they’re probably fine.

Matthew Howlett: Well, Ladder is certainly in an envious position with all the excess capital. Appreciate all the color and congrats on a really good quarter.

Brian Harris: Thank you.

Operator: Thank you. Ladies and gentlemen, that concludes our question-and-answer session. I’ll turn the floor back to Mr. Harris for any final comments.

Brian Harris: Just thank you for paying attention to us today. I know it’s a difficult day in the market and getting a lot of mixed signals. But we feel pretty comfortable and we appreciate you taking the time to understand us. Thank you.

Operator: Thank you. This concludes today’s conference call. You may disconnect your lines at this time. Thank you for your participation.