Core Viewpoint - Claros Mortgage Trust, Inc. has successfully closed a $500 million secured term loan credit facility, indicating strong financial backing and strategic funding for future operations [1] Group 1: Loan Details - The term loan credit facility is secured and has a duration of four years [1] - It features an annual variable interest rate of SOFR plus 675 basis points [1] - The loan may be prepaid at any time, subject to certain conditions [1] Group 2: Use of Proceeds - Net proceeds from the loan closing, along with cash on hand, were utilized for unspecified purposes [1]