Lument Finance Trust Announces Pricing of $664 Million Commercial Real Estate CLO
Lument Finance Trust (NYSE:LFT) priced LMNT 2025-FL3, a $663.8 million managed commercial real estate CLO that is expected to provide approximately $585.0 million of investment-grade securities to institutional investors.
The deal features a 30-month reinvestment period, an 88.1% advance rate, and a weighted-average interest at issuance of Term SOFR +1.91% before transaction costs. LMNT 2025-FL3 is expected to close on or around December 10, 2025, subject to customary conditions.
The company also redeemed LFT 2021-FL1 on November 18, 2025, which had $436.4 million of investment-grade securities outstanding at redemption. J.P. Morgan acted as sole structuring agent and bookrunner; Citizens JMP acted as co-manager.
Lument Finance Trust (NYSE:LFT) ha quotato LMNT 2025-FL3, una CLO di immobili commerciali gestita da $663.8 milioni che si prevede fornirà circa $585.0 milioni di titoli investment-grade agli investitori istituzionali.
L'accordo presenta un periodo di reinvestimento di 30 mesi, un tasso di avanzamento dell'88.1%, e un interesse al momento dell'emissione ponderato di Term SOFR +1.91% prima dei costi di transazione. LMNT 2025-FL3 dovrebbe chiudersi approssimativamente il 10 dicembre 2025, soggetto alle condizioni consuete.
L'azienda ha anche riscattato LFT 2021-FL1 il 18 novembre 2025, che aveva in circolazione $436.4 milioni di titoli investment-grade al momento del rimborso. J.P. Morgan ha agito da unico structuring agent e bookrunner; Citizens JMP ha agito come co-manager.
Lument Finance Trust (NYSE:LFT) fijó precio de LMNT 2025-FL3, una CLO de bienes raíces comerciales gestionada por $663.8 millones que se espera que proporcione aproximadamente $585.0 millones de valores de grado de inversión a inversores institucionales.
La operación presenta un período de reinversión de 30 meses, una tasa de avance del 88.1% y un interés ponderado al momento de la emisión de Term SOFR +1.91% antes de costos de transacción. Se espera que LMNT 2025-FL3 cierre alrededor del 10 de diciembre de 2025, sujeto a condiciones habituales.
La empresa también canjeó LFT 2021-FL1 el 18 de noviembre de 2025, que tenía $436.4 millones de valores de grado de inversión pendientes al rescate. J.P. Morgan actuó como único agente estructurador y bookrunner; Citizens JMP actuó como co-manager.
Lument Finance Trust (NYSE:LFT)은 LMNT 2025-FL3를 가격 결정했으며, 기관 투자자에게 약 $585.0 million의 투자등급 증권을 제공할 것으로 예상되는 관리형 상업용 부동산 CLO로 $663.8 million 규모입니다.
거래에는 30개월 재투자 기간, 진도율 88.1%, 발행 시점 가중 평균 이자율 Term SOFR +1.91%이 포함되며 거래 비용 이전에 적용됩니다. LMNT 2025-FL3은 대략 2025년 12월 10일에 마감될 예정이며, 관례적 조건에 따릅니다.
또한 회사는 2025년 11월 18일에 LFT 2021-FL1를 상환했으며, 상환 시점에 $436.4 million의 투자등급 증권이 남아 있었습니다. J.P. 모건이 유일한 구조화 담당자 및 북런너로 활동했고; Citizens JMP가 공동 매니저로 활동했습니다.
Lument Finance Trust (NYSE:LFT) a fixé le prix de LMNT 2025-FL3, une CLO immobilière commerciale gérée d’un montant de $663,8 millions qui devrait fournir environ $585,0 millions de titres de qualité investissement à des investisseurs institutionnels.
L’opération comporte une période de réinvestissement de 30 mois, un taux d’avance de 88,1%, et un taux d’intérêt pondéré à l’émission de Term SOFR +1,91% avant coûts de transaction. LMNT 2025-FL3 devrait être clôturé autour du 10 décembre 2025, sous réserve des conditions usuelles.
L’entreprise a également racheté LFT 2021-FL1 le 18 novembre 2025, qui détenait au moment du rachat $436,4 millions de titres de qualité investissement en circulation. J.P. Morgan a agi en tant qu’unique agent de structuration et bookrunner; Citizens JMP a agi en tant que co-manager.
Lument Finance Trust (NYSE:LFT) hat den Preis für LMNT 2025-FL3 festgelegt, eine kommerzielle Immobilien CLO mit verwaltetem Umfang von $663,8 Millionen, die voraussichtlich etwa $585,0 Millionen an Investment-Grade-Wertpapieren an institutionelle Anleger liefern wird.
Die Transaktion bietet eine 30-monatige Reinvestitionsperiode, eine Vorfeldquote von 88,1% und einen gewichteten Zins zum Zeitpunkt der Emission von Term SOFR +1,91% vor Transaktionskosten. LMNT 2025-FL3 soll voraussichtlich rund um den 10. Dezember 2025 geschlossen werden, vorbehaltlich üblicher Bedingungen.
Das Unternehmen hat außerdem LFT 2021-FL1 am 18. November 2025 zurückgezahlt, das zum Rückzahlungsmoment ausstehende Investment-Grade-Werte von $436,4 Millionen hatte. J.P. Morgan fungierte als alleiniger Strukturierungs- und Bookrunner-Agent; Citizens JMP fungierte als Co-Manager.
Lument Finance Trust (NYSE:LFT) حدد سعر LMNT 2025-FL3، وهو CLO عقاري تجاري مُدار بقيمة $663.8 million من المتوقع أن يوفر حوالي $585.0 million من الأوراق المالية ذات التصنيف الاستثمار إلى المستثمرين المؤسساتيين.
يتضمن الصفقة فترة إعادة استثمار تبلغ 30 شهراً، ومعدل تقدم بمقدار 88.1%، وفائدة مُعدلة بعبارة Term SOFR +1.91% عند الإصدار قبل تكاليف المعاملة. من المتوقع أن تغلق LMNT 2025-FL3 حول 10 ديسمبر 2025، رهناً بالشروط المعتادة.
كما قامت الشركة برد LFT 2021-FL1 في 18 نوفمبر 2025، والذي كان لديه $436.4 مليون من الأوراق المالية الاستثمارية السندات عند الاسترداد. كان J.P. Morgan وكيل الهيكلة الوحيد والمدير المكتبي؛ وكان Citizens JMP مديراً مشاركاً.
- $585.0M of investment-grade securities available to LFT investors
- Non-recourse, non-mark-to-market term financing reduces balance-sheet volatility
- 30-month reinvestment period provides portfolio flexibility
- Weighted-average coupon at issuance of Term SOFR +1.91% raises funding cost vs. lower spreads
- Advance rate of 88.1% implies limited immediate equity cushion for new collateral
J.P. Morgan Securities LLC is acting as sole structuring agent, lead manager and sole bookrunner for LMNT 2025-FL3. Citizens JMP Securities, LLC, is acting as co-manager.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About LFT
LFT is a Maryland corporation focused on investing in, and financing and managing, a portfolio of commercial real estate debt investments. The Company primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets. LFT is externally managed and advised by Lument Investment Management, LLC a
Additional Information and Where to Find It
Investors, security holders and other interested persons may find additional information regarding the Company at the SEC's Internet site at https://www.sec.gov/, the Company website at https://lumentfinancetrust.com, or by directing requests to: Lument Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169, Attention: Investor Relations.
Forward-Looking Statements
Certain statements included in this press release constitute forward-looking statements intended to qualify for the safe harbor contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. You can identify forward-looking statements by use of words such as "believe," "expect," "anticipate," "project," "estimate," "plan," "continue," "intend," "should," "may," "will," "seek," "would," "could," or similar expressions or other comparable terms, or by discussions of strategy, plans or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us on the date of this press release or the date on which such statements are first made. Statements, among others, relating to the closing of LMNT 2025-FL3 on a future date and the amount and expected use of the net cash proceeds by the Company from the new issuance of LMNT 2025-FL3 are forward-looking statements. Actual results may differ from expectations, estimates and projections. You are cautioned not to place undue reliance on forward-looking statements in this press release and should consider carefully the factors described in Part I, Item IA "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and Part II, Item 1A "Risk Factors" in the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, and September 30, 2025, which are available on the Securities and Exchange Commission's ("SEC") website at www.sec.gov, and in the Company's other current or periodic filings with the SEC, when evaluating these forward-looking statements. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond our control. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Lument Finance Trust, Inc.
FAQ
What is LMNT 2025-FL3 priced by Lument Finance Trust (LFT) on November 21, 2025?
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