- Business
- Lument Finance Trust, Inc. Lument Finance Trust, Inc. (NYSE: LFT-PA) is a real estate investment trust (REIT) that invests in, originates, finances and manages a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily focuses on transitional floating-rate CRE mortgage loans secured by middle-market multifamily assets, as well as other CRE-related investments including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed-rate loans, construction loans and additional CRE debt instruments; its targeted loans typically feature experienced sponsors, locations in U.S. markets with strong demand drivers, principal balances exceeding $5 million, loan-to-value ratios up to 80% of as-is value or 75% of as-stabilized value, and three-year terms with two one-year extension options tied to floating rates based on one-month SOFR or equivalent indices. Founded in 2012 and headquartered at 230 Park Avenue, 20th Floor, New York, New York, Lument Finance Trust is externally managed by Lument Investment Management, LLC, an affiliate of ORIX Corporation USA, a subsidiary of Japan-based ORIX Corporation. The company finances its portfolio primarily through matched-term non-recourse secured borrowings such as collateralized loan obligations (CLOs). In November 2025, Lument Finance Trust priced LMNT 2025-FL3, a $663.8 million managed CRE-CLO expected to close around December 10, 2025, providing approximately $585 million in investment-grade securities at an advance rate of 88.1% and Term SOFR plus 1.91% interest; it also redeemed LFT 2021-FL1 on November 18, 2025, which had $436.4 million of investment-grade securities outstanding.