Core Viewpoint - Lument Finance Trust, Inc. has successfully closed a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation (CRE CLO), enhancing its financing capabilities and investment portfolio [1][2]. Group 1: Financial Details - The company placed approximately $585.0 million of investment grade securities with institutional investors, providing term financing on a non-mark-to-market, non-recourse basis [1]. - The CRE CLO includes a 30-month reinvestment period, an advance rate of 88.1%, and a weighted average interest rate at issuance of Term SOFR plus 1.91%, before transaction costs [1]. - The initial collateral pool consists of 32 first lien floating rate mortgage loans secured by 49 multifamily and commercial real estate properties across the United States [2]. Group 2: Collateral and Management - A portion of the collateral was owned by Lument Finance Trust prior to the closing of LMNT 2025-FL3, while the remaining collateral was acquired from an affiliate of Lument Investment Management, LLC, at par plus accrued interest [2]. - The weighted average collateral spread was approximately 321 basis points over one-month SOFR [2]. - J.P. Morgan Securities LLC acted as the sole structuring agent, lead manager, and sole bookrunner for LMNT 2025-FL3, with Citizens JMP Securities, LLC serving as co-manager [3]. Group 3: Company Overview - 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 [5].