Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the reference to our firm under the caption "Experts" in this Registration Statement (Form S-3) and related Prospectus of Ladder Capital Corp for the registration of class A common stock and debt securities and to the incorporation by reference therein of our reports dated February 13, 2023, with respect to the consolidated financial statements of Ladder Capital Corp, and the effectiveness of internal control over financial reporting of Ladder Capital Corp, included in its Annual Report (Form 10-K) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

New York, New York

March 17, 2023