Ladder Capital and Blue Owl Capital Corp. offer high yields of 9.4% and 13.5%, trading at significant discounts to book value. LADR is internally managed, prioritizes credit discipline, and expects ROE to rise to 9% this year as lending accelerates and balance sheet deployment increases. Blue Owl Capital has a diversified, mostly first-lien portfolio, low non-accruals, and improving borrower fundamentals, with valuation at 0.75x NAV and visible earnings expansion potential.









