Exceeding Resolution Targets
Claros Mortgage Trust exceeded their target of $2 billion in total resolutions, achieving $2.3 billion, including partial repayments.
Liquidity and Deleveraging Success
Liquidity improved by $283 million to $385 million, and total borrowings were reduced by $1.4 billion.
Positive Multifamily Sector Outlook
The company foreclosed on select multifamily assets and sees opportunities for operational and capital improvements due to favorable long-term supply-demand dynamics.
Term Loan B Amendments
CMTG entered an amendment to the Term Loan B terms, modifying and waiving certain financial covenants through March 31, 2026.