Lument Finance Trust subsidiary enters $450M repurchase facility with JPMorgan

Lument Finance Trust, Inc.

LCMT Warehouse, LLC (indirect sub) entered $450M uncommitted master repurchase agreement with JPMorgan Chase.
Facility matures Nov 3, 2028; seller can extend by two 1-year periods subject to conditions.
Advances accrue at Term SOFR plus a case-by-case spread; no commitment from buyer to fund.
Lument Finance Trust guarantees up to 25% of unpaid repurchase price; covenants include minimum liquidity, net worth, leverage ratio.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lument Finance Trust, Inc. incurred credit facility of up to $450 million with JPMorgan Chase Bank, National Association at term SOFR plus a spread maturing November 3, 2028.

Instrument: credit facility
Principal: up to $450 million
Counterparty: JPMorgan Chase Bank, National Association
Rate: term SOFR plus a spread
Maturity: November 3, 2028
Event: incurrence

Exact text from the filing

The Repurchase Agreement provides up to $450 million to finance first mortgage loans, controlling loan participations and other commercial mortgage loan debt instruments secured by commercial real estate, as described in more detail in the Repurchase Agreement.

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Lument Finance Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-108539

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