Lument Finance Trust Closes $664 Million Commercial Real Estate CLO
Lument Finance Trust Inc. (NYSE: LFT) announced the closing of LMNT 2025-FL3, a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation (CRE CLO). Approximately $585.0 million of investment grade securities were placed with institutional investors, providing the company with term financing on a non-mark-to-market, non-recourse basis. The transaction includes a 30-month reinvestment period, an advance rate of 88.1%, and a weighted average interest rate at issuance of Term SOFR plus 1.91%. The initial collateral pool consists of 32 first lien floating rate mortgage loans and participations secured by 49 multifamily and commercial real estate properties across the United States. J.P. Morgan Securities LLC acted as sole structuring agent, lead manager, and sole bookrunner, with Citizens JMP Securities, LLC as co-manager.
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