{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-121652","form_type":"8-K","ticker":"LFT","cik":"0001547546","company_name":"Lument Finance Trust, Inc.","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.706049+00:00","generated_at":"2026-05-16T13:03:11.808394+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"LFT closes $664M CRE CLO with $585M notes sold; declares $0.04/share dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-121652","json":"https://secwatch.observer/filing/0001104659-25-121652.json","markdown":"https://secwatch.observer/filing/0001104659-25-121652.md","text":"https://secwatch.observer/filing/0001104659-25-121652.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1547546/000110465925121652/0001104659-25-121652-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1547546/000110465925121652/tm2533584d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:03:11.808394+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8ee709daa0d815ebcde7222a1b36dc16941638d0","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1547546/000110465925121652/0001104659-25-121652-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"approximately $585.0 million (Offered Notes) plus $78.8 million (Non-Offered Notes)"},{"label":"Counterparty","value":"institutional investors and LMNT CRE 2025-FL3 Holder, LLC"},{"label":"Rate","value":"weighted average interest rate of approximately 1.91% plus Term SOFR"},{"label":"Maturity","value":"July 2043"},{"label":"Event","value":"incurrence"}]},{"claim_id":"aca93bddf6c1cae22b11e3253a1b616f170f0a8a","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1547546/000110465925121652/0001104659-25-121652-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $50 million"},{"label":"Counterparty","value":"Northeast Bank"},{"label":"Rate","value":"term SOFR plus a SOFR margin of 3.50%"},{"label":"Maturity","value":"36-month draw period"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}