Claros Mortgage Trust posts Q3 net loss
CMTG•Claros Mortgage Trust posted a third-quarter net loss of $14.26 million and resolved four loans totaling $409.5 million of unpaid principal balance. It expects to close asset sales totaling $355.2 million in Q4 2026 and Q1 2027, with about $10.4 million in incremental losses from two loan sales upon Q4 closings.
1. Quarterly results
Claros Mortgage Trust reported a Q3 net loss of $14.26 million and a distributable loss. The company resolved four loans totaling $409.5 million of unpaid principal balance: two full repayments, one loan sale and one discounted payoff.
2. Sales and deleveraging
The company sold one multifamily real estate-owned asset for gross proceeds of $22.5 million. Financings outstanding declined by $330.1 million, including $99.9 million of deleveraging payments; the company said outstanding financings and leverage fell further after quarter-end due to loan repayments.
3. Asset sale outlook
Claros expects to close asset sales totaling $355.2 million in Q4 2026 and Q1 2027. It anticipates about $10.4 million in incremental losses from two loan sales upon Q4 2026 closings.
