Claros Mortgage Trust provided an update on its liquidity and loan portfolio risk profile as of February 17, 2025. Total available liquidity was $98 million, comprising $7 million in cash and cash equivalents and $91 million in approved and undrawn credit capacity. This represents a slight decrease from the $102 million reported at December 31, 2024.
The company's loan portfolio showed an increase in higher-risk assets, with loans rated 4 or higher constituting 45% of the portfolio as of December 31, 2024. This compares to 37% at September 30, 2024, indicating a migration of credit risk within the portfolio. This trend highlights ongoing challenges in the commercial real estate market.
Net unfunded loan commitments were $199 million at December 31, 2024. Against these commitments, the company had $299 million in-place or expected financing, with total commitments of $498 million. The company continues to manage its capital structure amidst these conditions.
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