Hunt Companies Finance Trust, Inc. Announces Management Changes
January 06, 2020 at 07:15 pm IST
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Hunt Companies Finance Trust, Inc. announced that its independent directors unanimously approved the entry into a new management agreement with OREC Investment Management, LLC and the concurrent mutual termination of its management agreement with Hunt Investment Management, LLC. In connection with the transaction, James C. Hunt resigned as the company's Chairman of the Board but will continue as a member of the Board. In addition, the Board appointed Interim Chief Financial Officer James A. Briggs as Chief Financial Officer of the company.
James Flynn will continue to serve as CEO and Michael Larsen will continue to serve as President of HCFT.
Lument Finance Trust, Inc. is a real estate investment trust (REIT). The Company is focused on investing in, originating, financing and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests or originates in transitional floating rate CRE mortgage loans with an emphasis on middle-market multifamily assets. The Company also invests in other CRE-related investments including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans and other CRE debt instruments. It finances its investments in transitional multifamily and other CRE loans primarily through matched-term non-recourse secured borrowings, including collateralized loan obligations (CLO). Its mortgage loan investment portfolio consists of approximately 88 senior secured floating rate loans with an aggregate unpaid principal balance of $1.4 billion. The Company is externally managed by its manager, Lument Investment Management, LLC.
LUMENT FINANCE TRUST, INC. 
