Latest news with #BrianHarris
Yahoo
27-05-2025
- Business
- Yahoo
Ladder Achieves Second Investment Grade Credit Rating
NEW YORK, May 27, 2025--(BUSINESS WIRE)--Ladder Capital Corp ("Ladder," the "Company," "we" or "our") (NYSE: LADR), a leading commercial real estate finance REIT, announced today that the Company received an investment grade rating from Moody's Ratings ("Moody's"). Moody's has assigned a Baa3 issuer rating to Ladder Capital Corp and upgraded the backed senior unsecured rating of Ladder Capital Finance Holdings LLLP to Baa3 from Ba1, issuing a stable outlook for both entities. This upgrade follows Ladder's investment grade rating from Fitch Ratings ("Fitch") on May 21, 2025, when the Company became the only commercial mortgage REIT to achieve an investment grade rating. "We are proud to receive a credit rating upgrade from Moody's, following last week's upgrade from Fitch. These two investment grade ratings enhance our financial flexibility and improve our borrowing cost - both in the debt capital markets and on our recently upsized revolving credit facility. We stand apart from our peers as the only company in our space to hold investment grade ratings," said Brian Harris, Ladder's Chief Executive Officer. "This distinction further strengthens Ladder's autonomy and ability to operate independently of third-party financing, enabling us to move quickly and decisively to deliver unmatched certainty of execution and customized capital solutions to our clients. With our disciplined lending, conservative leverage, and consistent performance across market cycles, we are well positioned to capitalize on future opportunities." Due to these two investment grade ratings, the interest spread on Ladder's $850 million unsecured revolving credit facility decreases to 125 basis points. Factors cited by Moody's in Ladder's ratings upgrade include the Company's strong funding and liquidity, solid capitalization, history of good and less volatile profitability compared to peers since our 2008 inception, and strong credit results that reflect our strong risk management culture and highly experienced management team. About Ladder Ladder is a leading diversified commercial real estate finance platform that specializes in underwriting commercial real estate across the capital stack. With $4.5 billion of assets, our investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns. Since 2008, we have invested over $47 billion in debt and equity, serving both institutional and middle-market clients. Our primary business is originating fixed and floating rate first mortgage loans secured by all commercial real estate property types. We also own and operate commercial real estate, including net leased commercial properties, and we invest in investment grade securities secured by first mortgage loans on commercial real estate. We are internally-managed and members of our management team and board of directors collectively own more than 11% of Ladder's equity, making them the Company's largest shareholder and aligning their interests closely with fellow stakeholders. Since our founding, their vision has been to support the Company's investment platform with a conservative and durable capital structure. Our industry-leading credit ratings reflect this differentiated financing strategy. Ladder is headquartered in New York City with a regional office in Miami, Florida. All amounts in this section are as of March 31, 2025. View source version on Contacts Investor ContactLadder Investor Relations(917) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
Ladder Achieves Second Investment Grade Credit Rating
NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp ('Ladder,' the 'Company,' 'we' or 'our') (NYSE: LADR), a leading commercial real estate finance REIT, announced today that the Company received an investment grade rating from Moody's Ratings ("Moody's"). Moody's has assigned a Baa3 issuer rating to Ladder Capital Corp and upgraded the backed senior unsecured rating of Ladder Capital Finance Holdings LLLP to Baa3 from Ba1, issuing a stable outlook for both entities. This upgrade follows Ladder's investment grade rating from Fitch Ratings ('Fitch') on May 21, 2025, when the Company became the only commercial mortgage REIT to achieve an investment grade rating. 'We are proud to receive a credit rating upgrade from Moody's, following last week's upgrade from Fitch. These two investment grade ratings enhance our financial flexibility and improve our borrowing cost - both in the debt capital markets and on our recently upsized revolving credit facility. We stand apart from our peers as the only company in our space to hold investment grade ratings,' said Brian Harris, Ladder's Chief Executive Officer. 'This distinction further strengthens Ladder's autonomy and ability to operate independently of third-party financing, enabling us to move quickly and decisively to deliver unmatched certainty of execution and customized capital solutions to our clients. With our disciplined lending, conservative leverage, and consistent performance across market cycles, we are well positioned to capitalize on future opportunities.' Due to these two investment grade ratings, the interest spread on Ladder's $850 million unsecured revolving credit facility decreases to 125 basis points. Factors cited by Moody's in Ladder's ratings upgrade include the Company's strong funding and liquidity, solid capitalization, history of good and less volatile profitability compared to peers since our 2008 inception, and strong credit results that reflect our strong risk management culture and highly experienced management team. About Ladder Ladder is a leading diversified commercial real estate finance platform that specializes in underwriting commercial real estate across the capital stack. With $4.5 billion of assets, our investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns. Since 2008, we have invested over $47 billion in debt and equity, serving both institutional and middle-market clients. Our primary business is originating fixed and floating rate first mortgage loans secured by all commercial real estate property types. We also own and operate commercial real estate, including net leased commercial properties, and we invest in investment grade securities secured by first mortgage loans on commercial real estate. We are internally-managed and members of our management team and board of directors collectively own more than 11% of Ladder's equity, making them the Company's largest shareholder and aligning their interests closely with fellow stakeholders. Since our founding, their vision has been to support the Company's investment platform with a conservative and durable capital structure. Our industry-leading credit ratings reflect this differentiated financing strategy. Ladder is headquartered in New York City with a regional office in Miami, Florida. All amounts in this section are as of March 31, 2025.
Yahoo
23-05-2025
- Sport
- Yahoo
Oklahoma Sooners earn commitment from 2026 DL Brian Harris
The Oklahoma Sooners picked up a commitment on Friday from one of the more underrated prospects in the 2026 recruiting class, Brian Harris. Harris out of Mandarin High School in Jacksonville, Fla. chose the Sooners over offers from Michigan, South Carolina, Alabama, Ole Miss, Colorado, Auburn, West Virginia, Mississippi State, N.C. State, Maryland, Louisville, Duke and Penn State. Harris projects as and interior defensive lineman at the collegiate level, where his size, strength, and athleticism will allow him to be a force for the Oklahoma Sooners' defense. He has experience playing on the edge and shows the burst, footwork, and hands to be able to win against offensive tackles. As an interior defensive lineman, his length and athleticism will give guards and centers fits. Advertisement Harris is listed at 6 feet, 4 inches and weighs 290 pounds. Though currently listed as a three-star prospect in the 247Sports Composite rankings, Harris is considered a four-star prospect by Rivals and the No. 20 defensive lineman in the 2026 recruiting class. He marks the third defensive pledge for Brent Venables in the last couple of weeks, following safety Niko Jandreau out of Arizona and linebacker Jakore Smith out of Arkansas. Oklahoma is now up to seven pledges in the 2026 cycle and now ranks No. 38 in the nation, just behind Michigan in the 247Sports team rankings. In 2026, Harris will join a defensive tackle room that includes Jayden Jackson, David Stone, Markus Strong, Trent Wilson, and Ace Hodges. Brian Harris Recruiting Profile Scouting Report As a player, Harris has really good size for the defensive line. What jumps off the screen the most is his quickness and the force with which he plays. He's a violent player and blends a physical playing style with really good athleticism for a guy nearly 300 pounds. For Mandarin High, he lined up as a defensive end in three-man fronts a lot, showing off the ability to get around the corner to attack quarterbacks. He does a great job in backside pursuit, displaying a strong motor to get down the line and chase the running back down from behind. He shows a good understanding of playing with angles and using his arm length to get around offensive linemen. With his size, strength, and athleticism, he has the ability to play defensive tackle in four-man fronts as well as defensive end in three-man fronts. Highlights Watch Brian Harris' highlights on Hudl. Vitals Projected Position Defensive Tackle Height 6-foot-4 Weight 290 pounds Hometown Jacksonville, Fla. Ratings Site Stars Overall Position State Rivals 4 -- 20 69 ESPN 3 -- 39 66 247Sports 3 -- 85 72 247Sports Composite 3 521 59 76 On3 3 -- 33 62 On3 Industry 3 437 46 66 Twitter Contact/Follow us @SoonersWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Oklahoma news, notes and opinions. You can also follow John on X @john9williams. This article originally appeared on Sooners Wire: 4-Star DL Brian Harris commits to Oklahoma Sooners
USA Today
23-05-2025
- Sport
- USA Today
Oklahoma Sooners earn commitment from 2026 DL Brian Harris
Oklahoma Sooners earn commitment from 2026 DL Brian Harris The Oklahoma Sooners picked up a commitment on Friday from one of the more underrated prospects in the 2026 recruiting class, Brian Harris. Harris out of Mandarin High School in Jacksonville, Fla. chose the Sooners over offers from Michigan, South Carolina, Alabama, Ole Miss, Colorado, Auburn, West Virginia, Mississippi State, N.C. State, Maryland, Louisville, Duke and Penn State. Harris projects as and interior defensive lineman at the collegiate level, where his size, strength, and athleticism will allow him to be a force for the Oklahoma Sooners' defense. He has experience playing on the edge and shows the burst, footwork, and hands to be able to win against offensive tackles. As an interior defensive lineman, his length and athleticism will give guards and centers fits. Harris is listed at 6 feet, 4 inches and weighs 290 pounds. Though currently listed as a three-star prospect in the 247Sports Composite rankings, Harris is considered a four-star prospect by Rivals and the No. 20 defensive lineman in the 2026 recruiting class. He marks the third defensive pledge for Brent Venables in the last couple of weeks, following safety Niko Jandreau out of Arizona and linebacker Jakore Smith out of Arkansas. Oklahoma is now up to seven pledges in the 2026 cycle and now ranks No. 38 in the nation, just behind Michigan in the 247Sports team rankings. In 2026, Harris will join a defensive tackle room that includes Jayden Jackson, David Stone, Markus Strong, Trent Wilson, and Ace Hodges. Brian Harris Recruiting Profile Scouting Report As a player, Harris has really good size for the defensive line. What jumps off the screen the most is his quickness and the force with which he plays. He's a violent player and blends a physical playing style with really good athleticism for a guy nearly 300 pounds. For Mandarin High, he lined up as a defensive end in three-man fronts a lot, showing off the ability to get around the corner to attack quarterbacks. He does a great job in backside pursuit, displaying a strong motor to get down the line and chase the running back down from behind. He shows a good understanding of playing with angles and using his arm length to get around offensive linemen. With his size, strength, and athleticism, he has the ability to play defensive tackle in four-man fronts as well as defensive end in three-man fronts. Highlights Watch Brian Harris' highlights on Hudl. Vitals Projected Position Defensive Tackle Height 6-foot-4 Weight 290 pounds Hometown Jacksonville, Fla. Ratings Site Stars Overall Position State Rivals 4 -- 20 69 ESPN 3 -- 39 66 247Sports 3 -- 85 72 247Sports Composite 3 521 59 76 On3 3 -- 33 62 On3 Industry 3 437 46 66 Twitter Contact/Follow us @SoonersWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Oklahoma news, notes and opinions. You can also follow John on X @john9williams.
Yahoo
23-05-2025
- Sport
- Yahoo
OU football lands Brian Harris, three-star defensive lineman, in 2026 recruiting class
NORMAN — OU football's recruiting is starting to heat up. The Sooners landed a commitment from 2026 three-star defensive lineman Brian Harris on Friday afternoon. The 6-foot-4, 290-pound lineman out of Mandarin High School in Florida chose OU over Alabama, Michigan, Penn State and South Carolina. Advertisement Harris is ranked as the No. 530 overall prospect in the 2026 class. He's also the No. 75 player in Florida. Harris was named the defensive line MVP of the Under Armour Next camp in Orlando this year. He was credited with 29 tackles, 4 ½ sacks and two forced fumbles in 10 games last season. Harris is the seventh member of the Sooners' 2026 class. OU general manager Jim Nagy reacted to the news on social media saying, "It starts in the trenches." More: OU football lands Norman North alum Gavin Frakes in transfer portal from Virginia | Report Colton Sulley covers the Oklahoma Sooners for The Oklahoman. Have a story idea for Colton? He can be reached at csulley@ or on X/Twitter at @colton_sulley. Support Colton's work and that of other Oklahoman journalists by purchasing a digital subscription today at This article originally appeared on Oklahoman: OU football lands 2026 three-star defensive lineman Brian Harris
