Claros Mortgage Trust, Inc.

Our Company is a commercial real estate (CRE) finance company that primarily originates senior and subordinate loans for transitional CRE assets in major U.S. markets. These loans include mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets. Subordinate loans also include mezzanine loans, which are secured by a pledge of equity ownership interests in the direct or indirect property owner, rather than directly in the underlying commercial properties. These mezzanine loans are subordinate to a mortgage loan but senior to the property owner's equity ownership interests. Transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment, or other value-added elements to maximize value. The company focuses on originating loans ranging from $50 million to $300 million on these transitional CRE assets. The company aims to create a diversified investment portfolio of CRE loans, which it generally intends to hold to maturity.