secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065839
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q1 GAAP net loss $78.6M ($0.56); distributable loss $35.7M; CECL provision $41.1M
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- GAAP net loss $78.6M ($0.56); distributable loss $35.7M ($0.25); distributable earnings prior to realized losses $11.6M ($0.08).
- CECL provision $41.1M ($0.29); CECL reserve stands at $1.83/sh, 4.4% of UPB; specific reserves 16.4% on risk 5 loans.
- Book value fell to $13.60 from $14.64 at Dec 31, 2024; risk-rated 4+ loans now 46% of portfolio vs 45% at year-end.
- Received $316M loan repayments/sales in Q1; subsequent to quarter-end received $291M; YTD total $607M.
- Closed new $214M financing facility; net debt/equity 2.4x; total leverage 2.8x; liquidity $136M at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025065839/0000950170-25-065839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025065839/cmtg-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065839

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