secwatch.observer — SEC 8-K summary
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Issuer:     Lument Finance Trust, Inc. (LFT)
CIK:        0001547546
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001104659-23-080397
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lument Finance Trust closes $386.4M CRE financing; fourth CLO transaction
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- Closed $386.4M LMF 2023-1 Financing collateralized by 25 first-lien floating-rate mortgage loans on 32 multifamily properties.
- Placement of ~$270M investment-grade loan with private lender and $47M notes with Lument affiliate; LFT retained ~$69M subordinate interests.
- Initial weighted average spread on senior debt of 314 bps over 1-month SOFR; collateral spread ~365 bps.
- 24-month reinvestment period allows principal repayments to be reinvested in qualifying mortgage assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547546/000110465923080397/0001104659-23-080397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547546/000110465923080397/tm2321114d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-080397

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