Claros Mortgage Trust Inc. has announced a modification to its existing repurchase agreement with Wells Fargo Bank, National Association. Effective June 13, 2025, the changes were made through its wholly owned subsidiary, CMTG WF Finance LLC. One significant alteration is the reduction of the maximum facility amount, which has been decreased to $250 million. This adjustment is part of Claros Mortgage Trust's ongoing efforts to optimize its financial agreements and manage its resources effectively.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.