New Repurchase Agreement with JPMorgan
Lument Finance Trust entered into a new repurchase agreement with JPMorgan providing up to $450 million in aggregate advances. This warehouse capacity is intended to provide flexibility for managing capital and refinancing the portfolio.
Multifamily Sector Resilience
The multifamily sector fundamentals remain constructive with modest rent growth, stable occupancy, and a slowdown in new supply, supporting balance and potential rent recovery.
Loan Payoffs and Use of Proceeds
Loan payoffs totaled approximately $49 million, and proceeds were primarily used to reduce securitization liabilities, reflecting effective capital management.
CRE CLO Market Rebound
Year-to-date issuance in the CRE CLO market exceeds $25 billion, indicating healthy liquidity and investor confidence, which supports the company's potential to return to the securitization market.