Lument Finance Trust Enters Material Agreement, Incurs Financial Obligation

TL;DR

Lument Finance Trust just signed a big deal and took on debt. Watch this space.

AI Summary

On December 10, 2025, Lument Finance Trust, Inc. entered into a material definitive agreement and incurred a direct financial obligation. The company, formerly known as Hunt Companies Finance Trust, Inc. and Five Oaks Investment Corp., is a real estate investment trust based in New York.

Why It Matters

This filing indicates a significant new financial commitment or partnership for Lument Finance Trust, which could impact its future operations and financial standing.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• Lument Finance Trust, Inc. (company) — Registrant
• December 10, 2025 (date) — Date of earliest event reported
• Hunt Companies Finance Trust, Inc. (company) — Former company name
• Five Oaks Investment Corp. (company) — Former company name
• 230 PARK AVENUE, 23RD FLOOR, NEW YORK, NY 10169 (location) — Business and mail address

FAQ

Key Financial Figures

• $0.01 — e on which registered Common Stock, $0.01 par value per share LFT New York St
• $585.0 million — "Issuer") issued and sold approximately $585.0 million aggregate principal amount of investmen
• $78.8 million — ssuer also issued and sold approximatey $78.8 million aggregate principal amount of below inv
• $50 million — . The Loan Agreement provides for up to $50 million in maximum aggregate advances over a 36
• $378.4 million — rms of the Indenture: (1) approximately $378.4 million aggregate principal amount of Class A S
• $86.3 million — es ("Class A Notes"); (2) approximately $86.3 million aggregate principal amount of Class A-S
• $40.7 million — ("Class A-S Notes"); (3) approximately $40.7 million aggregate principal amount of Class B T
• $39.0 million — es ("Class B Notes"); (4) approximately $39.0 million aggregate principal amount of Class C F
• $25.7 million — es ("Class C Notes"); (5) approximately $25.7 million aggregate principal amount of Class D F
• $14.9 million — es ("Class D Notes"); (6) approximately $14.9 million aggregate principal amount of Class E S
• $20.7 million — es ("Class E Notes"); (7) approximately $20.7 million aggregate principal amount of Class F S
• $43.1 million — "Secured Notes"); and (9) approximately $43.1 million aggregate principal amount of Class H I
• $663.8 m — cash with a face value of approximately $663.8 million, with the collateral interests co
• $3.1 million — the Closing Date of: (i) approximately $3.1 million were held by LCMT; (ii) approximately $
• $382.9 million — n were held by LCMT; (ii) approximately $382.9 million were held by Lument Structured Finance,

Filing Documents

• tm2533584d1_8k.htm (8-K) — 59KB
• tm2533584d1_ex10-1.htm (EX-10.1) — 1345KB
• tm2533584d1_ex10-2.htm (EX-10.2) — 183KB
• tm2533584d1_ex10-3.htm (EX-10.3) — 712KB
• tm2533584d1_ex10-4.htm (EX-10.4) — 531KB
• tm2533584d1_ex10-5.htm (EX-10.5) — 76KB
• tm2533584d1_ex99-1.htm (EX-99.1) — 6KB
• tm2533584d1_ex99-2.htm (EX-99.2) — 12KB
• tm2533584d1_ex99-1img001.jpg (GRAPHIC) — 4KB
• 0001104659-25-121652.txt ( ) — 3718KB
• lft-20251210.xsd (EX-101.SCH) — 3KB
• lft-20251210_def.xml (EX-101.DEF) — 26KB
• lft-20251210_lab.xml (EX-101.LAB) — 36KB
• lft-20251210_pre.xml (EX-101.PRE) — 25KB
• tm2533584d1_8k_htm.xml (XML) — 5KB

01

Item 1.01 Entry into a Material Definitive Agreement. Commercial Real Estate Collateralized Loan Obligation On December 10, 2025, Lument Finance Trust, Inc. ("LFT" or the "Company") announced that it entered into and closed LMNT CRE 2025-FL3, a commercial real estate collateralized loan obligation (the "2025-FL3 CLO" or the "Securitization"). In connection with the 2025-FL3 CLO, LFT's consolidated subsidiary, LMNT CRE 2025-FL3, LLC (the "Issuer") issued and sold approximately $585.0 million aggregate principal amount of investment grade-rated notes (the "Offered Notes"). The Issuer also issued and sold approximatey $78.8 million aggregate principal amount of below investment grade-rated notes (the "Non-Offered Notes" and, together with the Offered Notes, the "Notes"). The Notes were offered and sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, with the Offered Notes sold to institutional investors and the Non-Offered Notes sold to LMNT CRE 2025-FL3 Holder, LLC ("LMNT Holder"), a consolidated subsidiary of LFT. The Notes were issued pursuant to an indenture, dated as of December 10, 2025 (the "Indenture"), by and among the Issuer, Lument Commercial Mortgage Trust ("LCMT"), as advancing agent, Wilmington Trust, National Association, as trustee (the "Trustee"), and Computershare Trust Company, National Association, as note administrator and custodian (the "Note Administrator" and "Custodian"). The information contained in Item 2.03 of this Form 8-K regarding the terms of the Indenture and the Notes is incorporated by reference into this Item 1.01. The proceeds of the sale of the Notes were used to purchase a portfolio of collateral interests, repay borrowings under LFT's current credit facilities, fund the Securitization reinvestment proceeds account and pay transaction expenses. Credit Facility On December 10, 2025, LCMT NPL Warehouse, LLC ("Parent Borrower"), an indirect wholly owned subsidiary of the

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant. Commercial Real Estate Collateralized Loan Obligation The aggregate principal amounts of the following eight classes of Notes (each, a "Class") were issued pursuant to the terms of the Indenture: (1) approximately $378.4 million aggregate principal amount of Class A Senior Secured Floating Rate Notes ("Class A Notes"); (2) approximately $86.3 million aggregate principal amount of Class A-S Second Priority Secured Floating Rate Notes ("Class A-S Notes"); (3) approximately $40.7 million aggregate principal amount of Class B Third Priority Secured Floating Rate Notes ("Class B Notes"); (4) approximately $39.0 million aggregate principal amount of Class C Fourth Priority Secured Floating Rate Notes ("Class C Notes"); (5) approximately $25.7 million aggregate principal amount of Class D Fifth Priority Secured Floating Rate Notes ("Class D Notes"); (6) approximately $14.9 million aggregate principal amount of Class E Sixth Priority Secured Floating Rate Notes ("Class E Notes"); (7) approximately $20.7 million aggregate principal amount of Class F Seventh Priority Secured Floating Rate Notes ("Class F Notes"); (8) approximately $14.9 million aggregate principal amount of Class G Eighth Priority Secured Floating Rate Notes ("Class G Notes" and together with the Class F Notes and the Offered Notes, the "Secured Notes"); and (9) approximately $43.1 million aggregate principal amount of Class H Income Notes ("Class H Notes"). The Class A Notes, Class A-S Notes, Class B Notes, Class C Notes, Class D Notes and Class E Notes sold to institutional investors comprise the Offered Notes. The Class F Notes, Class G Notes and Class H Notes sold to LMNT Holder comprise the Non-Offered Notes. As of December 10, 2025 (the "Closing Date"), the Secured Notes are secured by a portfolio of collateral interests and cash with a face value of approximately $663.8 mil

01

Item 7.01 Regulation FD Disclosure. On December 10, 2025, the Company issued a press release announcing the closing of the commercial real estate mortgage securitization disclosed in Items 1.01 and 2.03 of this Form 8-K, a copy of which is furnished herewith as Exhibit 99.1. On December 11, 2025, the Company issued a press release announcing the declaration of a cash dividend of $0.04 per share of common stock, as further described in the dividend press release. The Company also announced a cash dividend of $0.4921875 per share of 7.875% Cumulative Redeemable Series A Preferred Stock, as further described in the dividend press release. A copy of the dividend press release is furnished herewith as Exhibit 99.2 to this Form 8-K. The information disclosed under this Item 7.01, including Exhibits 99.1 and 99.2 hereto, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01

Item 9.01 Exhibits. (d) Exhibits. 10.1 Indenture, dated as of December 10, 2025, by and among LFT CRE 2025-FL3, LLC, Lument Commercial Mortgage Trust, as advancing agent, Wilmington Trust, National Association, as trustee, and Computershare Trust Company, National Association, as note administrator and custodian. 10.2 Collateral Management Agreement, dated as of December 10, 2025, by and between LFT CRE 2025-FL3, LLC and Lument Investment Management, LLC. 10.3 Servicing Agreement, dated as of December 10, 2025, by and among LFT CRE 2025-FL3, LLC, Lument Investment Management, LLC, Lument Commercial Mortgage Trust, Computershare Trust Company, National Association, Wilmington Trust, National Association, and Lument Real Estate Capital, LLC. 10.4 Loan Agreement, by and among LCMT NPL Warehouse, LLC, as Parent Borrower, the REO Entities from time to time party thereto, and Northeast Bank. 10.5 Guaranty, dated as of December 10, 2025, by Lument Finance Trust, Inc. in favor of Northeast Bank. 99.1 Press Release of Lument Finance Trust, Inc., dated December 10, 2025. 99.2 Press Release of Lument Finance Trust, Inc., dated December 11, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Certain of the exhibits to this exhibit have been omitted in accordance with Regulation S-K Item 601. The registrant agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request. SIGNATURE 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. LUMENT Finance Trust, Inc. Date: December 16, 2025 By: /s/ James A. Briggs James A. Briggs Chief Financial Officer

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View this 8-K filing on SEC EDGAR