Ladder Capital To Buy Florida Bank
Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, agreed to acquire Florida community bank FirstCity Bank of Commerce. The purchase price is $8.15 per share, although the total is unknown because FirstCity is private. Ladder Capital was formed last last year with approximately $1 billion in equity and debt capital, co-led by GI Partners and Towerbrook Capital Partners. It recently filed for a $400 million IPO.
23 July 2009•3 mins read
