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Lument Turns To Life Insurer, Completes $386 Million Financing Deal

Deal With Mass Mutual Replaces Plan To Bring in Multiple Investors

A $28.7 million loan on The Preserve at Pine Valley in Wilmington, North Carolina, was included in Lument Finance Trust’s arrangement with Mass Mutual. (CoStar)
A $28.7 million loan on The Preserve at Pine Valley in Wilmington, North Carolina, was included in Lument Finance Trust’s arrangement with Mass Mutual. (CoStar)

Commercial mortgage real estate investment trust Lument Finance Trust has closed on a commercial real estate financing arrangement in a private deal with life insurer Mass Mutual.

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