NEW YORK, Aug. 20, 2018 /PRNewswire/ -- Hunt
Companies Finance Trust, Inc. (NYSE: HCFT) ("HCFT" or the
"Company") today announced the closing of Hunt CRE 2018-FL2, Ltd.,
a $285 million commercial real estate
Collateralized Loan Obligation ("CLO"), which financed 20 first
lien floating rate commercial real estate mortgage assets acquired
from Hunt Real Estate Capital, an affiliate of the Company's
external manager. The investment grade classes of the CLO
represent 77.0% of the transaction at closing and have a weighted
average interest rate at issuance of LIBOR + 1.44%. The
Company will retain the non-investment grade bonds and preferred
shares of the CLO, which in aggregate have a face value of
$65,551,000 at the time of
closing.
James Flynn, Chief Executive
Officer of Hunt Companies Finance Trust, said, "The closing of Hunt
CRE 2018-FL2 represents a significant step in the repositioning of
Hunt Companies Finance Trust into a commercial real estate credit
investment vehicle. This transaction effectively completes
that transition and provides us with flexibility and capacity to
continue to grow."
J.P. Morgan acted as sole structuring agent. J.P. Morgan,
Hunt Financial Securities and Wells Fargo Securities acted as
co-lead managers and joint bookrunners.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any of the Notes or any other
securities, nor shall there be any sale of such securities in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
About Hunt Companies Finance Trust, Inc.
Hunt Companies Finance Trust, Inc. is a Maryland corporation focused on investing in,
financing and managing transitional multi-family and other
commercial real estate loans, securitizations backed by
multi-family mortgage loans or multi-family mortgage-backed
securities, and other mortgage-related investments including
mortgage servicing rights. The Company's objective is to
deliver attractive cash flow returns over time to its
investors. Investors, security holders and other interested
persons may find additional information regarding the Company at
the SEC's Internet site at http://www.sec.gov/ or the Company
website www.hcft.com or by directing requests to: Hunt Companies
Finance Trust, Inc., 230 Park Avenue, 19th Floor, New York, NY 10169, Attention: Investor
Relations.
Hunt Companies Finance Trust, Inc. is externally managed and
advised by Hunt Investment Management, LLC.
Additional information regarding Hunt Investment Management is
described in its brochure (Part 2A of Form ADV) available at
www.adviserinfo.sec.gov
Cautionary Statement Regarding Forward-Looking
Information
Certain statements included in this press release may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Securities and Exchange Act
of 1934, as amended, which reflect HCFT's current views with
respect to, among other things, the Company's operations, financial
performance and financial condition. Forward-looking
statements are statements that are not historical facts and are
subject to substantial risks and uncertainties, many of which are
hard to predict and generally beyond HCFT's control. These
statements can be identified by the use of forward-looking
terminology such as "believe," "expect," "may," "will," "should,"
"project," "could," "plan," "goal," "potential," 'estimate," "pro
forma," "seek," "continue," "intend" or "anticipate" or the
negative thereof or comparable terminology, and include discussions
of strategy, financial projections, guidance and estimates
(including their underlying assumptions), statements regarding
plans, objectives, expectations or consequences of announced
transactions, and statements about the future performance,
operations, products and services of HCFT and its
subsidiaries. The Company cautions readers not to place undue
reliance on these statements. These forward-looking
statements are subject to a variety of risks and
uncertainties. Accordingly, there are or will be important
factors that could cause actual outcomes or results to differ
materially from those indicated in these statements. HCFT
believes these factors include but are not limited to these
described under the section entitled "Risk Factors" in its annual
report on Form 10-K for the fiscal year ended December 31, 2017 and the factor described under
the section entitled "Risk Factors" in its quarterly report on Form
10-Q for fiscal quarter ended June 30,
2018, as such factors may be updated from time to time in
its periodic filings with the Securities and Exchange Commission
("SEC") which are accessible on the SEC's website at www.sec.gov.
Consequently, actual results and experience may materially differ
from those contained in any forward-looking statements.
Except as required by applicable law, HCFT disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
MEDIA CONTACTS
Brent Feigenbaum
Hunt Real Estate Capital
212-317-5730
Brent.Feigenbaum@huntcompanies.com
Evan Abrams
Senior Vice President, Marketing and
Investor Relations
Hunt Investment Management
212-588-2166
Evan.abrams@huntcompanies.com
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SOURCE Hunt Companies Finance Trust, Inc.