Lument Finance Trust Closes $664 Million Commercial Real Estate CLO
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Lument Finance Trust Inc. (NYSE: LFT) closed a $663.8 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO), placing $585.0 million of investment grade securities with institutional investors. The transaction includes a 30-month reinvestment period, an advance rate of 88.1%, and a weighted average interest rate of Term SOFR plus 1.91%. The initial collateral pool consists of 32 first lien floating rate mortgage loans secured by 49 multifamily and commercial real estate properties across the U.S.
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