Lument Finance Trust, Inc. (LFT): debt financing — LFT closes $664M CRE CLO with $585M notes sold; declares $0.04/share dividend

Lument Finance Trust, Inc.

Closed $663.8M CRE CLO with $585M investment-grade notes sold to institutional investors on a non-recourse basis.
Advance rate 88.1%, weighted avg interest SOFR+1.91%, 30-month reinvestment period; collateral of 32 first lien loans.
Declared $0.04/share common and $0.4921875/share preferred dividend, payable Jan 15, 2026 to holders of record Dec 31/Jan 2.
Entered $50M credit facility with Northeast Bank at SOFR+3.50%, 36-month draw period, advance rate up to 70% on performing loans.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Lument Finance Trust, Inc. incurred senior notes of approximately $585.0 million (Offered Notes) plus $78.8 million (Non-Offered Notes) with institutional investors and LMNT CRE 2025-FL3 Holder, LLC at weighted average interest rate of approximately 1.91% plus Term SOFR maturing July 2043.

Instrument: senior notes
Principal: approximately $585.0 million (Offered Notes) plus $78.8 million (Non-Offered Notes)
Counterparty: institutional investors and LMNT CRE 2025-FL3 Holder, LLC
Rate: weighted average interest rate of approximately 1.91% plus Term SOFR
Maturity: July 2043
Event: incurrence

Exact text from the filing

LMNT CRE 2025-FL3, LLC (the “Issuer”) issued and sold approximately $585.0 million aggregate principal amount of investment grade-rated notes (the “Offered Notes”). The Issuer also issued and sold approximatey $78.8 million aggregate principal amount of below investment grade-rated notes

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Lument Finance Trust, Inc. incurred credit facility of up to $50 million with Northeast Bank at term SOFR plus a SOFR margin of 3.50% maturing 36-month draw period.

Instrument: credit facility
Principal: up to $50 million
Counterparty: Northeast Bank
Rate: term SOFR plus a SOFR margin of 3.50%
Maturity: 36-month draw period
Event: incurrence

Exact text from the filing

The Loan Agreement provides for up to $50 million in maximum aggregate advances over a 36-month draw period to finance first mortgage loans and controlling first mortgage loan participations secured by commercial real estate.

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Lument Finance Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-121652

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