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Lument Finance Trust Announces Pricing of $664 Million Commercial Real Estate CLO

  • Lument Finance Trust, Inc. priced LMNT 2025-FL3, a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation (CRE-CLO).
  • Approximately $585.0 million of investment grade securities are expected to be placed with institutional investors, providing non-mark-to-market, non-recourse term financing.
  • The transaction features a 30-month reinvestment period, an 88.1% advance rate, & a weighted average interest rate of Term SOFR plus 1.91% at issuance before transaction costs.
  • On November 18, 2025, the Company redeemed LFT 2021-FL1, which had $436.4 million in outstanding investment grade securities.
  • LMNT 2025-FL3 is expected to close around December 10, 2025, subject to customary closing conditions.
  • J.P. Morgan Securities LLC serves as sole structuring agent, lead manager, & sole bookrunner, while Citizens JMP Securities, LLC acts as co-manager.