Lument Finance Trust

Lument Finance Trust (LFT) priced a $663.8 million CRE-CLO, LMNT 2025-FL3, aiming for non-mark-to-market financing. Approximately $585 million is expected to be placed with institutional investors. Following the redemption of its 2021-FL1 CRE-CLO, this deal features a 30-month reinvestment period and an 88.1% advance rate. J.P. Morgan Securities LLC served as the structuring agent and lead manager. LFT focuses on transitional, floating-rate commercial mortgage loans, particularly in the multi-family sector. The company cautions about risks in its SEC filings related to forward-looking statements.