New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Midtown New York  + Finance  | 

Lument Finance Trust Closes $1B CRE CLO

Mortgage REIT Lument Finance Trust (LFT), formerly Hunt Companies Finance Trust,

has closed LMNT 2021-FL1, a $1-billion on-balance sheet commercial real estate collateralized loan obligation. The company expects to redeem Hunt CRE 2017-FL1 and Hunt CRE 2018-FL2, its two existing CRE CLOs, in conjunction with the transaction.

In connection with the securitization, an aggregate of approximately $834 million of investment grade-rated notes were issued and sold to institutional investors. A consolidated subsidiary of LFT retained subordinate interests in the issuing vehicle of approximately $166 million.

“The closing of LMNT 2021-FL1 represents another significant positive milestone in the progression of our business plan at LFT,” said CEO James Flynn. “This transaction allows us to quickly deploy a portion of the proceeds from our recently completed preferred equity offering while also providing us with favorable economic and structural features to allow for continued growth.”


Inside The Story


About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).