PR Newswire·Dec 10, 2025, 5:00 PM ET

Lument Finance Trust Closes $664 Million Commercial Real Estate CLO

Lument Finance Trust, Inc. closed LMNT 2025-FL3, a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation.
The Company placed approximately $585.0 million of investment grade securities with institutional investors to secure non-mark-to-market, non-recourse term financing.
The CLO features a 30-month reinvestment period, an 88.1% advance rate, & a weighted average interest rate at issuance of Term SOFR plus 1.91%.
The initial collateral pool comprises 32 first lien floating rate mortgage loans & participations secured by 49 multifamily & commercial real estate properties across the United States.
Collateral assets were sourced partially from existing LFT holdings & partially acquired from an affiliate of Lument Investment Management, LLC at par plus accrued interest.
The weighted average collateral spread was approximately 321 basis points over one-month SOFR.
J.P. Morgan Securities LLC served as the sole structuring agent, lead manager, & sole bookrunner, while Citizens JMP Securities, LLC acted as co-manager.
LFT is a Maryland corporation focused on transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets & is externally managed by Lument Investment Management, LLC.