Lument Finance Trust, Inc. (LFT), a U.S. real estate investment trust company, has closed a $386 million commercial real estate financing deal (LMF 2023-1 Financing). The transaction includes the placement of approximately $270 million investment-grade loans with a private lender and the issuance of approximately $47 million investment-grade notes (Senior Debt) to an affiliate of Lument Investment Management. A subsidiary of LFT retains subordinate interests in the issuing vehicle of approximately $69 million. The Senior Debt has an initial weighted average spread of around 314 basis points over a one-month secured overnight financing rate, with a maturity date in July 2032.
Lument Finance Trust, Inc. is a Maryland-based company focused on investing in and financing commercial real estate debt investments, particularly transitional floating-rate commercial mortgage loans. LFT is externally managed by Lument Investment Management, LLC, a Delaware limited liability company. The successful closing of the LMF 2023-1 Financing further strengthens LFT's ability to deploy investment capital in line with its existing strategy, enabling growth and enhancing its capacity to target assets in the middle-market multi-family sector.