Claros Mortgage Trust(CMTG) - 2023 Q2 - Quarterly Report

Proceeds from interest rate cap 42 (iv) an increase in incentive fees of $1.6 million as a result of core earnings over the trailing four quarters being in excess of a 7% hurdle as of March 31, 2023. During the six months ended June 30, 2023, we recorded a provision for current expected credit losses of$ 38.3 million, primarily attributable to a $44.6 million increase in our specific CECL reserves, partially offset by a$ 6.4 million reversal of general CECL Reserves which was primarily attributable to seaso ...