David Traitel
Managing Director
Ladder Capital
(Ladder Capital Finance)
Lender
Private Equity
Ladder Capital NYC portfolio
$32.8 million* – elevator 86%, mixed-use 7%, walkup 6%; Manhattan 100%
2394th largest portfolio by dollar value
97,209 sqft – elevator 83%, walkup 9%, mixed-use 6%;
2011th largest by SF
4 properties – Manhattan 100%
1904th largest
82 residential units – Manhattan 100%
1688th largest by residential units
10 foreclosures, 4 bankruptcies, 3 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $20.1 million
Lender signatory: 4 for $69.8 million
Top Ten Associated Companies:
Mohammad Billah (1), Peter Volandes (1), Marcus Partners (1), Dalan Management (1), Sangmin Han (1), 6R Capital Group (1), Lions Group (1), Bawabeh Brothers (1), Extell Development (1), KPG Funds (1)
Top Ten Associated People:
Mohammad M. Billah (1), Peter Volandes (1), David R. Hooke (1), Sangmin Han (1), Shai Shamir (1), Ramin Shirian (1), Ezra Mizrachi (1), Marc Kwestel (1), Gregory Kraut (1), John Reid (1)
Recent activity as signatory:
• Sangmin Han borrowed $24 million from Ladder Capital for 10 East 33rd Street and 12 East 33rd Street, Park Avenue South, Manhattan on March 28, 2025.
• Peter Volandes borrowed $14 million from Ladder Capital for 314 Scholes Street, East Williamsburg, Brooklyn on March 06, 2025.
• Lions Group borrowed $18.4 million from Ladder Capital for 100 Christopher Street, West Village, Manhattan on January 08, 2025.
• Bawabeh Brothers borrowed $13.5 million from Ladder Capital for 162 East 116th Street, 2927 3rd Avenue, 1046 Southern Boulevard, 918 Seneca Avenue, and 1619 Sheepshead Bay Road, East Harlem, Manhattan on November 01, 2024.
• 6R Capital Group borrowed $42 million from T30 Capital for N/A Warren Street, 72 Warren Street, 88 West Broadway, 88 West Broadway, 72 Warren Street, and others, Financial District, Manhattan on January 12, 2024.
• Emerald Equity Group sold 120 West 116th Street, 1917 Adam C Powell Blvd, 110 West 116th Street, and 110 St Nicholas Avenue, Harlem, Manhattan for $20.1 million to Ladder Capital on September 13, 2023.
• Aulder Capital borrowed $9.5 million from Ladder Capital for 325 East 101st Street, East Harlem, Manhattan on August 15, 2022.
• L3 Capital borrowed $20 million from Wintrust Bank for 111 North 6th Street, 113 North 6th Street, 115 North 6th Street, and 130 Berry Street, Williamsburg, Brooklyn on June 16, 2022.
• Robert Gilardian borrowed $39.8 million from Ladder Capital for 245 West 51st Street, 1443 York Avenue, and 107 West 68th Street, Midtown West, Manhattan on June 03, 2022.
• KPG Funds borrowed $51 million from Ladder Capital for 446 Broadway, Little Italy, Manhattan on March 07, 2022.
Latest Stories:
• Astral Weeks pays $27.4M to 6R Capital for building in Tribeca (December 12, 2024)
• Empire State Realty Trust pays $35M to L3 Capital for retail in Williamsburg (November 18, 2024)
• 3 Garment District properties with $52M Lightstone loan, placed in bankruptcy (September 27, 2024)
• Spear Street pays $52M to KPG for retail in SoHo, just above $51M 2022 loan (September 26, 2024)
• Firebird Grove signs $17M refi with Derby Copeland in Greenwich Village (February 23, 2024)