UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On May 8, 2025, Claros Mortgage Trust, Inc. (the "Company") executed a loan sale of an unencumbered for sale condo loan previously on the Company's watchlist and classified as held-for-sale and on non-accrual status as of March 31, 2025. The loan sale resulted in net proceeds to the Company in-line with the loan's carrying value of $145.6 million as of March 31, 2025.
Further, this loan sale increases 2025 year-to-date loan realizations to approximately $750 million from $607 million, as previously disclosed in the Company's Form 8-K filed on May 7, 2025, and results in an increase in the Company's total liquidity to approximately $260 million from $115 million, as previously disclosed in the Company's Form 8-K filed on May 7, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CLAROS MORTGAGE TRUST, INC. |
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Date: |
May 8, 2025 |
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/s/ J. Michael McGillis |
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J. Michael McGillis |