Today, 8:36 AMClaros Mortgage Trust announces closing of a new $500 million four-year secured term loan from HPS, uses proceeds and cash to retire its $556.2 million Term Loan B and issues 10-year detachable warrants for 7.54 million shares at a $4.00 strike price.
Claros Mortgage Trust, Inc. is a commercial real estate (CRE) finance company that focuses on originating senior and subordinate loans on transitional CRE assets located in U.S. markets. The transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment or other value-added elements in order to maximize value. Its objective is to provide debt capital for transitional CRE assets and to generate risk-adjusted returns for its stockholders over time, primarily through dividends. The company was founded on April 29, 2015 and is headquartered in New York, NY.
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