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 affiliated with Mack Real Estate Credit Strategies.

• Operates as a REIT since 2015 and maintains compliance with the Investment Company Act exclusion.

Financial performance and metrics

• Board paused quarterly dividend on common stock starting with the fourth quarter of 2024 to preserve capital and enhance financial flexibility.

• Three quarterly dividends totaling $0.60 per share were declared in 2024, exceeding taxable income for the year.

• Last reported sale price of common stock on February 19, 2025, was $2.89 per share on the NYSE.

Use of proceeds and capital allocation

• Net proceeds from the sale of securities will be used as set forth in the applicable prospectus supplement.

• No proceeds will be received from the sale of common stock by selling securityholders.