Claros Mortgage Trust (CMTG) Registration filing summary

Company overview and business model

• Focuses on originating senior and subordinate loans on transitional commercial real estate (CRE) assets in major U.S. markets, including first priority and mezzanine loans secured by equity interests in property owners.

• Aims to provide debt capital for transitional CRE assets and generate attractive risk-adjusted returns, primarily through dividends.

• Seeks to maintain a diversified investment portfolio of CRE loans, generally held to maturity, with loan sizes typically ranging from $50 million to $300 million.

• Externally managed by an SEC-registered investment adviser and operates to maintain REIT status and exclusion from the Investment Company Act.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling securityholders; proceeds from any cash exercise of warrants will be received.

• Agreed to pay certain registration expenses related to the offering.

Risk factors and disclosures

• Investment involves risks that could result in loss of all or part of the investment; risks are detailed in incorporated SEC filings.

• Past performance is not a reliable indicator of future results; unknown or unpredictable factors could materially affect future outcomes.