CIM Real Estate Finance Trust Enters Material Agreement

TL;DR

CIM REIT just signed a big deal, creating a new financial obligation.

AI Summary

On August 15, 2025, CIM Real Estate Finance Trust, Inc. entered into a material definitive agreement. This agreement involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or obligation for CIM Real Estate Finance Trust, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into new material definitive agreements and financial obligations can introduce new risks related to the terms, performance, and market conditions associated with the agreement.

Key Players & Entities

• CIM Real Estate Finance Trust, Inc. (company) — Registrant
• August 15, 2025 (date) — Date of earliest event reported
• 27-3148022 (other) — EIN

FAQ

Key Financial Figures

• $750.0 million — nt of the CMFT Repurchase Facility from $750.0 million to approximately $512.0 million. Other
• $512.0 million — ty from $750.0 million to approximately $512.0 million. Other than the modified terms describe
• $250.0 million — "), which provides the CLR Seller up to $250.0 million of financing (the "CLR Maximum Financin
• $50.0 million — idity of not less than the lower of (a) $50.0 million and (b) the greater of (A) $10.0 millio
• $10.0 million — 50.0 million and (b) the greater of (A) $10.0 million and (B) 5% of the Recourse Indebtedness
• $1.0 billion — greater than or equal to the sum of (a) $1.0 billion plus (b) 75% of the equity issued by th

Filing Documents

• cmft-20250815.htm (8-K) — 38KB
• exhibit101-wells_cmftxfour.htm (EX-10.1) — 120KB
• exhibit102-wellsxclrxmaste.htm (EX-10.2) — 897KB
• exhibit103-wellsxclrxguara.htm (EX-10.3) — 264KB
• 0001498547-25-000065.txt ( ) — 1658KB
• cmft-20250815.xsd (EX-101.SCH) — 2KB
• cmft-20250815_lab.xml (EX-101.LAB) — 19KB
• cmft-20250815_pre.xml (EX-101.PRE) — 11KB
• cmft-20250815_htm.xml (XML) — 2KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 15, 2025, CMFT RE Lending RF Sub WF, LLC ("Lender Sub"), an indirect wholly-owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into that certain Fourth Amendment to Master Repurchase and Securities Contract (the "Fourth Amendment") with Wells Fargo Bank, National Association ("Wells Fargo"), which amended that certain Master Repurchase and Securities Contract, by and between Lender Sub and Wells Fargo, dated May 20, 2021 (the "CMFT Repurchase Agreement"), which was entered into for the purpose of providing financing in connection with Wells Fargo's purchase of certain eligible assets from the Lender Sub via advances from Wells Fargo to the Lender Sub (the "CMFT Repurchase Facility"), as described in the Company's Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the "SEC") on May 26, 2021, and as amended on October 28, 2021, March 4, 2022, and August 31, 2022 as discussed in a Current Report on Form 8-K filed with the SEC on November 3, 2021, March 10, 2022, and September 7, 2022, respectively. The Fourth Amendment, among other things, extends the facility termination date from August 30, 2025 to August 30, 2026. Additionally, the fee letter that was entered into in connection with the CMFT Repurchase Agreement was amended and restated to, among other things, reduce the maximum financing amount of the CMFT Repurchase Facility from $750.0 million to approximately $512.0 million. Other than the modified terms described above, the material terms of the CMFT Repurchase Agreement and the CMFT Repurchase Facility, as previously amended, remain unchanged. In addition, on August 15, 2025 (the "Closing Date"), CLR RE Lending Sub WF, LLC (the "CLR Seller"), a subsidiary of CIM Commercial Lending REIT ("CLR"), entered into a Master Repurchase Agreement (the "CLR Repurchase Agreement") with Wells Fargo (the "Buyer"), which provides the CLR

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Fourth Amendment to Master Repurchase Agreement, dated August 15, 2025, by and between CMFT RE Lending Sub WF, LLC and Wells Fargo Bank, N.A. 10.2 Master Repurchase Agreement, dated August 15, 2025, by and between CLR RE Lending RF Sub WF, LLC and Wells Fargo Bank, N.A. 10.3 Guaranty, dated as of August 15, 2025, by CIM Real Estate Finance Trust, Inc. and CIM Commercial Lending REIT for the benefit of Wells Fargo Bank, N.A. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: August 21, 2025 CIM REAL ESTATE FINANCE TRUST, INC. By: /s/ Nathan D. DeBacker Name: Nathan D. DeBacker Title: Chief Financial Officer, Principal Accounting Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR