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Lument Finance Trust, Inc. (NYSE: LFT) today announced the pricing of LMNT 2025‑FL3, a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation (CRE‑CLO). The trust plans to place roughly $585 million of investment‑grade securities with institutional investors, providing LFT with non‑mark‑to‑market, non‑recourse term financing. LMNT 2025‑FL3 features a 30‑month reinvestment period, an 88.1 % advance rate, and a weighted‑average interest rate at issuance of Term SOFR plus 1.91 % before transaction costs.
On November 18 2025, LFT will redeem LFT 2021‑FL1, a CRE‑CLO that had $436.4 million of investment‑grade securities outstanding at redemption. LMNT 2025‑FL3 is expected to close around December 10 2025, subject to customary closing conditions. J.P. Morgan Securities LLC serves as sole structuring agent, lead manager, and sole bookrunner for LMNT 2025‑FL3, while Citizens JMP Securities, LLC acts as co‑manager.
This release does not constitute an offer to sell or a solicitation to buy any securities, nor does it constitute a sale in any jurisdiction where such an offer would be unlawful before registration or qualification under applicable securities laws.
About LFT
LFT is a Maryland corporation that invests in, finances, and manages a portfolio of commercial real‑estate debt. The trust primarily focuses on transitional floating‑rate commercial mortgage loans, especially middle‑market multi‑family assets. LFT is externally managed and advised by Lument Investment Management, LLC, a Delaware limited‑liability company.
Additional Information
Investors and interested parties may obtain further information at the SEC website (https://www.sec.gov/), the company website (https://lumentfinancetrust.com), or by contacting:
Lument Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169, Attention: Investor Relations.
Forward‑Looking Statements
This release contains forward‑looking statements within the safe harbor of Sections 27A and 21E of the Securities Acts. Such statements involve risks and uncertainties and may differ materially from actual results. They are based on current beliefs, assumptions, and expectations and are not guaranteed to be accurate. The company does not intend to update or revise these statements unless required by law. Investors should review the risk factors in LFT’s Form 10‑K for 2024 and Form 10‑Q for the quarters ended March 31 2025 and September 30 2025, available on the SEC website.
