XML 103 R89.htm IDEA: XBRL DOCUMENT
v3.23.1

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Assets: |  |
Fair value of assets | $ 3,352,969 | $ 3,922,131
Liabilities: |  |
Fair value of liabilities | 3,739,091 | 3,994,458
Repurchase agreements - short-term |  |
Liabilities: |  |
Principal Amount | 402,869 | 481,465
Fair value of liabilities | 402,869 | 481,465
Repurchase agreements - long-term |  |
Liabilities: |  |
Principal Amount | 366,398 | 366,398
Fair value of liabilities | 366,398 | 366,398
Mortgage loan financing |  |
Liabilities: |  |
Principal Amount | 469,121 | 497,454
Fair value of liabilities | 453,300 | 477,101
CLO debt |  |
Liabilities: |  |
Principal Amount | 1,064,365 | 1,064,365
Fair value of liabilities | 1,059,593 | 1,058,462
Borrowings from the FHLB |  |
Liabilities: |  |
Principal Amount | 213,000 | 213,000
Fair value of liabilities | 212,911 | 213,055
Senior unsecured notes |  |
Liabilities: |  |
Principal Amount | 1,585,063 | 1,643,794
Fair value of liabilities | 1,244,020 | 1,397,977
CMBS |  |
Assets: |  |
Principal Amount | 9,381 | 9,415
Fair value of assets | 9,009 | 9,030
CMBS interest-only |  |
Assets: |  |
Principal Amount | 8,426 | 8,460
Fair value of assets | 387 | 417
Total mortgage loan receivables held for investment, net, at amortized cost |  |
Assets: |  |
Principal Amount | 3,809,591 | 3,907,295
Fair value of assets | 3,306,791 | 3,875,708
FHLB stock |  |
Assets: |  |
Principal Amount | 9,585 | 9,585
Fair value of assets | 9,585 | 9,585
Mortgage loan receivables held for sale |  |
Assets: |  |
Principal Amount | 31,350 | 31,350
Fair value of assets | 27,197 | 27,391
Level 1 |  |
Assets: |  |
Fair value of assets | 0 | 0
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 1 | Repurchase agreements - short-term |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 1 | Repurchase agreements - long-term |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 1 | Mortgage loan financing |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 1 | CLO debt |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 1 | Borrowings from the FHLB |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 1 | Senior unsecured notes |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 1 | CMBS |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 1 | CMBS interest-only |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 1 | Total mortgage loan receivables held for investment, net, at amortized cost |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 1 | FHLB stock |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 1 | Mortgage loan receivables held for sale |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 2 |  |
Assets: |  |
Fair value of assets | 0 | 0
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 2 | Repurchase agreements - short-term |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 2 | Repurchase agreements - long-term |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 2 | Mortgage loan financing |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 2 | CLO debt |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 2 | Borrowings from the FHLB |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 2 | Senior unsecured notes |  |
Liabilities: |  |
Fair value of liabilities | 0 | 0
Level 2 | CMBS |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 2 | CMBS interest-only |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 2 | Total mortgage loan receivables held for investment, net, at amortized cost |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 2 | FHLB stock |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 2 | Mortgage loan receivables held for sale |  |
Assets: |  |
Fair value of assets | 0 | 0
Level 3 |  |
Assets: |  |
Fair value of assets | 3,352,969 | 3,922,131
Liabilities: |  |
Fair value of liabilities | 3,739,091 | 3,994,458
Level 3 | Repurchase agreements - short-term |  |
Liabilities: |  |
Fair value of liabilities | 402,869 | 481,465
Level 3 | Repurchase agreements - long-term |  |
Liabilities: |  |
Fair value of liabilities | 366,398 | 366,398
Level 3 | Mortgage loan financing |  |
Liabilities: |  |
Fair value of liabilities | 453,300 | 477,101
Level 3 | CLO debt |  |
Liabilities: |  |
Fair value of liabilities | 1,059,593 | 1,058,462
Level 3 | Borrowings from the FHLB |  |
Liabilities: |  |
Fair value of liabilities | 212,911 | 213,055
Level 3 | Senior unsecured notes |  |
Liabilities: |  |
Fair value of liabilities | 1,244,020 | 1,397,977
Level 3 | CMBS |  |
Assets: |  |
Fair value of assets | 9,009 | 9,030
Level 3 | CMBS interest-only |  |
Assets: |  |
Fair value of assets | 387 | 417
Level 3 | Total mortgage loan receivables held for investment, net, at amortized cost |  |
Assets: |  |
Fair value of assets | 3,306,791 | 3,875,708
Level 3 | FHLB stock |  |
Assets: |  |
Fair value of assets | 9,585 | 9,585
Level 3 | Mortgage loan receivables held for sale |  |
Assets: |  |
Fair value of assets | 27,197 | 27,391
Recurring |  |
Assets: |  |
Fair value of assets | 512,053 | 580,130
Recurring | CMBS |  |
Assets: |  |
Principal Amount | 493,802 | 553,424
Fair value of assets | 476,181 | 532,304
Recurring | CMBS interest-only |  |
Assets: |  |
Principal Amount | 890,193 | 1,017,735
Fair value of assets | 9,150 | 10,026
Recurring | GNMA interest-only |  |
Assets: |  |
Principal Amount | 44,966 | 45,369
Fair value of assets | 385 | 281
Recurring | Agency securities |  |
Assets: |  |
Principal Amount | 32 | 36
Fair value of assets | 31 | 35
Recurring | Equity Securities |  |
Assets: |  |
Fair value of assets | 113 | 118
Recurring | U.S. Treasury securities |  |
Assets: |  |
Principal Amount | 25,000 | 36,000
Fair value of assets | 24,772 | 35,328
Recurring | Nonhedge derivatives |  |
Assets: |  |
Principal Amount | 106,408 | 204,700
Fair value of assets | 1,421 | 2,038
Recurring | Level 1 |  |
Assets: |  |
Fair value of assets | 24,885 | 35,446
Recurring | Level 1 | CMBS |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 1 | CMBS interest-only |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 1 | GNMA interest-only |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 1 | Agency securities |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 1 | Equity Securities |  |
Assets: |  |
Fair value of assets | 113 | 118
Recurring | Level 1 | U.S. Treasury securities |  |
Assets: |  |
Fair value of assets | 24,772 | 35,328
Recurring | Level 1 | Nonhedge derivatives |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 2 |  |
Assets: |  |
Fair value of assets | 1,421 | 2,038
Recurring | Level 2 | CMBS |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 2 | CMBS interest-only |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 2 | GNMA interest-only |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 2 | Agency securities |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 2 | Equity Securities |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 2 | U.S. Treasury securities |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 2 | Nonhedge derivatives |  |
Assets: |  |
Fair value of assets | 1,421 | 2,038
Recurring | Level 3 |  |
Assets: |  |
Fair value of assets | 485,747 | 542,646
Recurring | Level 3 | CMBS |  |
Assets: |  |
Fair value of assets | 476,181 | 532,304
Recurring | Level 3 | CMBS interest-only |  |
Assets: |  |
Fair value of assets | 9,150 | 10,026
Recurring | Level 3 | GNMA interest-only |  |
Assets: |  |
Fair value of assets | 385 | 281
Recurring | Level 3 | Agency securities |  |
Assets: |  |
Fair value of assets | 31 | 35
Recurring | Level 3 | Equity Securities |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 3 | U.S. Treasury securities |  |
Assets: |  |
Fair value of assets | 0 | 0
Recurring | Level 3 | Nonhedge derivatives |  |
Assets: |  |
Fair value of assets | $ 0 | $ 0

X
- Definition Represents the outstanding face amount of assets. + References No definition available. + Details
Name: | ladr_AssetsOutstandingFaceAmount
Namespace Prefix: | ladr_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represents the outstanding face amount of liabilities. + References No definition available. + Details
Name: | ladr_LiabilitiesOutstandingFaceAmount
Namespace Prefix: | ladr_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_AssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_LiabilitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ladr_RepurchaseAgreementsShortTermMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ladr_RepurchaseAgreementsLongTermMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_CollateralizedDebtObligationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_FederalHomeLoanBankAdvancesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=ladr_CommercialMortgageBackedSecuritiesInterestOnlyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=ladr_MortgageLoanReceivablesHeldForInvestmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_InvestmentInFederalHomeLoanBankStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=ladr_MortgageLoanReceivablesHeldForSaleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=ladr_GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAInterestOnlyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |