Claros Mortgage Trust, Inc. Announces $500 Million Secured Term Loan Credit Facility

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the "Company†or "CMTG†) today announced the closing of a $500.0 million, four-year secured term loan credit facility provided by investment funds and accounts managed by HPS Investment Partners, LLC ("HPS†). The term loan credit facility has an annual variable rate of SOFR plus 675 basis points and may be prepaid at any time, subject to certain conditions. Net proceeds from the closing, together with cash on hand, were used t. ...