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

Core Viewpoint - Lument Finance Trust, Inc. has announced the pricing of a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation (CRE-CLO), LMNT 2025-FL3, which is expected to provide term financing on a non-mark-to-market, non-recourse basis [1] Group 1: Financial Details - The company anticipates approximately $585.0 million of investment grade securities to be placed with institutional investors [1] - LMNT 2025-FL3 features a 30-month reinvestment period and an advance rate of 88.1% [1] - The weighted average interest rate at issuance is Term SOFR plus 1.91%, before transaction costs [1] Group 2: Redemption and Closing - On November 18, 2025, the company redeemed LFT 2021-FL1, which had $436.4 million of investment grade securities outstanding at the time of redemption [1] - LMNT 2025-FL3 is expected to close on or around December 10, 2025, subject to customary closing conditions [1] Group 3: Management and Structure - J.P. Morgan Securities LLC is acting as the sole structuring agent, lead manager, and sole bookrunner for LMNT 2025-FL3, while Citizens JMP Securities, LLC is acting as co-manager [2] - Lument Finance Trust is focused on investing in, financing, and managing a portfolio of commercial real estate debt investments, primarily in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets [4]